The Managing director of Iran's Privatization Organization says the approval of the foreign investment law in Iran shows government's determination.

Speaking in a seminar titled 'Joint Investment Opportunities in Development Projects for Foreign and Iranian Companies', Gholamreza Heidari Kurd-Zanganeh asserted that according to Foreign Investment Law foreign investors can invest in 25 percent of economic sector and 35 percent in other sectors, ISNA reports.

“According to the same law the foreign investors can withdraw the original money they have invested in Iran and also their profits any time they wish,” he said.

However, Kurd-Zanganeh noted that the foreign investors of bonds sector should leave their original money for at least three years since the beginning of their investment in Iran.

He pointed out that according to 2025 Vision a total of $3,700 billion of investment, including $1,300 billion of foreign investment should take place in the country.

“In other words $80 billion of investment should annually take place in the country until 2025,” elaborated Kurd-Zanganeh.

He pointed out that unlike other countries Iran guarantees foreign investments.

HS/NN