Iran’s 8% economic growth demands ’$100b in annual investment’
In order to achieve eight percent economic growth that is targeted in the Seventh Development Plan, Iran needs $100 billion in annual investment, said a deputy head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Tuesday.
Mehdi Sadeqi-Niaraki put the amount of foreign investment during 2011 to 2022 at $1.5 billion per annum.
Small- and medium-sized enterprises (SMEs) have a great role in Iran’s economy, as SMEs account for more than 94% of the number of industrial and mining units, noted the senior businessman adding that 43% of the country’s employment is related to the field.
Referring to the submission of the list of new cabinet members to the Parliament by President Masoud Pezeshkian, Sadeqi-Niaraki announced the readiness of the Tehran Chamber of Commerce, Industries, Mines & Agriculture to cooperate with the president and his colleagues in related areas.
“The ICCIMA considers the empowerment of the private sector as its most important mission, and we believe that the empowerment of the private sector will happen through the strengthening of the NGOs,” he stated.