News ID: 256889
Published: 0318 GMT August 05, 2019

Minister: Iran keen on supporting foreign investors in mining, industrial projects

Minister: Iran keen on supporting foreign investors in mining, industrial projects

Iran is keen on providing special support to foreign investors willing to participate in the implementation of domestic mining and industrial sectors’ projects.

Speaking at a meeting attended by a number of foreign investors involved in the production of solar panels and construction of solar power plants, Iranian Minister of Industry, Mine and Trade Reza Rahmani added that the country has unique mining and industrial capacities and offers investors numerous opportunities in these two fields, IRNA reported.

He noted: “We will offer all legal incentives to encourage foreign investors to effectively participate in implementing projects throughout the country.”

“Despite all limitations, Iran’s industrial sector is witnessing constant growth. This has led to an increased demand in the country for electricity. Thus, foreign investors’ cooperation in the [power generation] sector can substantially benefit both sides.”

He stressed that having a capable workforce and availability of sufficient raw materials are among the advantages offered by Iran to foreign funders.

The country would also provide foreign investors with the necessary equipment at the onset of their cooperation, the minister added.

Iran’s steel, copper and aluminum production industries are undergoing constant development, which would make supplying them and their downstream sectors with sufficient energy resources a priority in the near future, he said.   

“We will use all our capacities to accelerate the process of attracting foreign investors.”

He said over 50 billion tons of extractable mineral reserves have been identified in Iran, which provide foreign and domestic investors with appropriate opportunities for participation.

 

   
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