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Tehran moves to streamline foreign investment with new measures
Mehdi Heidari said the country’s economic growth and overcoming current challenges require large-scale investment, adding that the current shortages in areas such as energy and water are the result of underinvestment in recent years, which has led to the depreciation of national physical resources, making their replacement essential, ISNA reported.
Heidari stressed that domestic resources alone are not sufficient, and like many countries worldwide, attracting foreign investment with proper returns can benefit both the investor and the country.
Highlighting recent developments in the Economy Ministry and the minister’s emphasis on the importance of attracting foreign capital, Heidari said 66 projects worth more than $625 million were approved last week alone, bringing the total approved foreign investment projects over the past year to more than $20 billion.
The official also outlined new plans to facilitate investment, saying that consolidating permits in a single portal and issuing “nameless licenses” for investment projects are among the measures under consideration. According to Heidari, such initiatives will allow foreign investors to begin operations with minimal bureaucracy and in the shortest possible time.