Saturday Oct 29, 201104:51 PM GMT
'Iranophobia not slowing investment'
Sat Oct 29, 2011 4:40PM
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Head of Organization for Investment and Economic and Technical Assistance of Iran Behrouz Alishiri
Iran's top investment official says despite the West promoting Iranophobia, the country's foreign direct investment (FDI) index has seen a 124 percent growth in the past two years.

Head of the Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) Behrouz Alishiri said on Saturday that the overall foreign investment in the country has been satisfactory and has increased about 40 percent between 2005 and 2010 compared to the 2000-2004 period.

“Iran is currently negotiating with small and medium enterprises to work with the country's oil and gas sector,” IRNA quoted him as saying.

Alishiri said designing general and private partnership models was among Iran's strategies and Tehran will host the second workshop on these models from November 19 to 21 which will be attended by seven international educators.

“Based on new plans, major oil and gas projects valued at USD 2-4 billion will not be assigned to multinational corporations,” he added.

Alishiri said Iran attracted up to USD 5 billion in foreign investment in industries, mines, oil, gas, petrochemical, housing and tourism sectors in the first half of the current Iranian calendar year (started March 21, 2011).

Despite international sanctions prohibiting foreign investment in Iranian industries, the country has broken new ground in attracting foreign investment over the past few years.

Alishiri announced in June 2011 that Iran had beaten a historical record in attracting direct foreign investments.

Iran also attracted USD 3 billion in foreign investment in 2009, becoming one of the top six countries in the world with the highest foreign investment attraction rates.

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