First VP: Foreign Investors To Get Dlrs6bn Loan From Iran’s National Development Fund

Tehran, July 9, IRNA – First Vice President Mohammad Reza Rahimi said on Sunday that foreign investors can receive dlrs six billion in loan from Iran’s National Development Fund. He made the announcement in an official ceremony on “global report on foreign investments and the Islamic Republic of Iran” on Sunday. The Majlis has approved the bill for enforcement, Rahimi said. “We would like to invite all foreigners and Iranian expatriates to seize the opportunity and make use of the loan to promote investment opportunities in Iran,” he said. Addressing a group of foreign and domestic investors along with some officials, he said the government will provide more opportunities to governors general to implement the plan. To attain the goal, red tape and other formalities at custom offices should be removed, he said. "They (western countries) have toughened economic sanctions and do not provide us with the machinery and spare parts we need. Therefore under such circumstances we should roll up our sleeves and meet our domestic needs in various sectors," he said. Iran is the 17th global economic power, he said. "The country’s oil revenues only constitute ten percent of our economic incomes and we are determined to compensate this in other sectors," Rahimi said. He called for unity among high ranking officials and three branches of government under the wise leadership of the Supreme Leader of the Islamic Revolution. The enemies try to disappoint foreign investors through negative propaganda and media hype, he said. The enemies should bear in mind that if they create problems and obstacles for Iran, the country will do the same for them and this indicates that the Islamic Republic has now turned into a super power and this explains why the bullying powers have mobilized their forces to confront the country. Rahimi also lauded the efforts of top investors and awarded them with plaques of honor.