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Every Section of Iran's Ministry of Road and Urban Development Welcomes Foreign Investments
In the closing ceremony of the of the exhibition on road and urban development, Iran's Minister of Road and Urban Development Ali Nikzad asid: "today Iran's Ministry of Road and Urban Development and all its sections and departments are completely ready to cooperate with foreign investors and good initiatives have been taken up to pave the ground for such cooperation

According to the Public Relations Department of the Organization for Investment, Economic & Technical Assistance of Iran (OIETAI), citing the Iranian Government's official website, Mr. Nikzad said the following in the closing ceremony of the of the exhibition on road and urban development held in Tehran's Imam Khomeini Mosalla:   "the development credits of the country now stands at 250 thousand billion Rials and for the first time a lot of that credit can now go to development of roads and urbanization in Iran".


He reiterated that "today Iran's Ministry of Road and Urban Development and all its sections and department are completely ready to cooperate with foreign investors and facilitate foreign investments in any way possible and good steps have been taken in this regard".


Conceding the fact that state-run companies need to pay their debts to the private sector, Mr. Nikzad said: "the government of Iran knows better than before that it is not possible to develop the country without the contributions and participation of the privates sector".


Referring to the massive participation of entities from the private sector in the exhibition he noted: "this shows that they are paying special attention to this matter. The Ministry of Roads and urban development and all its sections including ports, air fleet, roads, housing and other relevant sections stand fully prepared to collaborate with the privates sector.

Earlier last month Mr. Sadeghi the Deputy Minister of Road and Urban Development said: "100 investment opportunities valued at around 70 billion euros have been identified in the field of road and transportation. Actually, some of the projects are being financed by the government but foreign and domestic investors too have been invited for many other projects ".

Dec 23, 2011 16:12
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