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Iran’s Raeisi says state assets sales will boost productivity

Iranian President Ebrahim Raeisi

Iranian President Ebrahim Raeisi has defended his government’s massive plan to sale some $90 billion worth of state assets as a way of boosting productivity in the country.

Addressing a Cabinet session on Sunday, Raeisi said that selling state assets and properties will enable the government to speed up its plans to diversify the Iranian economy and to boost production and manufacturing activity in the country.

Responding to criticisms raised about the plan in the Iranian media in recent days, he said state assets sales will be in line with laws and regulations adopted in recent years by high-ranking state authorities.

“The purpose (of the plan) to make state assets productive is to make the optimum use of the unused and unutilized assets of government departments to boost manufacturing and to accelerate the country’s progress,” said the Iranian president.

Opposition media have criticized the plan to sell more than 40,000 trillion rials worth of assets, properties and estates owned by the government through a seven-member committee whose members have been granted legal immunity.

The plan was announced earlier this week by a member of the Iranian parliament who said that proceeds of the sales will be used to secure financial resources needed by the government to carry out its infrastructure projects.

Raeisi said the government will try to a take a lesson from past privatization experiments in Iran to make a success out of the state assets sales scheme.

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