0708 GMT August 20, 2019
Alireza Saleh stressed that the investments are required to be made in export-oriented projects, IRNA wrote.
As stipulated in the NDF’s articles of association, he said, 80 percent of the fund’s resources must be allocated to the country’s private sector.
He described as almost unique worldwide the 3.5-percent interest rate of the fund’s facilities offered to normal investors.
Saleh added in addition, the government is prohibited from using the NDF’s facilities based on the fund’s articles of association.
“Public institutions can use only up to 20 percent of the fund’s resources.”
He said at present, 30 percent of the country’s oil revenue is deposited in the NDF which is offered to the domestic private sector for investment.
Among Iranian provinces, Hamedan, in western Iran, has great potentials for attracting investors, Saleh noted.