Gov’t Says Plans to Help Fund Half-Built Projects

“Cooperation from the Central Bank of Iran regarding caps on interest rates on bonds” would produce the desired results”

News ID: ۷۵۲۵۲۰

10 May 2023

The government said it will help fund half-finished projects by offering them to the public via the stock market as project-based companies, Economy Minister Ehsan Khandouzi said.

"The government intends to use the stock market to provide funds for incomplete projects…The plan is to offer shares of project-based companies for extracting gold and refining copper," Khandouzi was quoted as saying by SENA on Tuesday at a press conference.

He said, "The aim is to provide capital for such projects and create attractive returns," and added that the measure is expected to help boost liquidity in the capital market and attract investment.

The minister emphasized the role of a robust share market to underpin production and growth.