Iran diversifies capital channels amid threats of war, sanctions
The head of Organization for Investment and Economic and Technical Assistance of Iran (OIETAI) announced on Thursday the implementation of diversification in channels for attracting and receiving capital.
Emphasizing the need for necessary flexibility in the face of war and sanctions, Abolfazl Kudei expressed hope that following recent developments (the 12-day Israeli imposed war, launched on June 13), increased capability would be witnessed, Tasnim reported.
The deputy economy minister said that various scenarios and necessary tools are being examined and selected to confront any crisis.
According to the OIETAI chief, the organization has utilized tools of economic diplomacy and will employ modern financing, which will include the digital economy and smart government.
He added that diversification in channels for attracting and receiving capital has been implemented.
According to Kudei, Iran welcomes all investing countries; however, strategic priority will be given to countries with greater investment potential, with neighboring countries and those having strategic relations with Iran taking precedence.
He described the investment outlook as forward-looking and stressed, "We will use all legal and economic tools in the international arena to realize foreign capital provision, encompassing economic interdependence between Iran and neighboring countries as well as other nations."
The head of OIETAI stated that risks such as war and sanctions impact capital transfer; however, our targeting aims to reduce such risks.
He cited Iran as having security guarantees for investment and profitability, announcing that during the 12-day attacks, the OIETAI convened the foreign investment board and issued “nearly 90 foreign investment permits."
He also announced the issuance of $10 billion worth of foreign investment permits in the first quarter of the year, saying, "We are striving to implement financing appropriately through modern methods and interaction with aligned neighbors."