Agreement to Boost FDI in Free Zones

EghtesadOnline: The High Council of Free Zones and the Organization for Investment, Economic and Technical Assistance of Iran have signed a memorandum of understanding to boost foreign direct investment in free trade zones.

News ID: ۷۸۰۶۴۱

28 November 2017

The agreement is aimed at “improving the strength of national economy by using the capacity of private sector’s cooperation and foreign investments in various economic projects in free zones with the goal of facilitating and expanding production and exports, transfer of technology and providing resources to optimize the use of investment opportunities,” as reported by ISNA.

As part of the contents of MoU, both entities will work closely to come up with updated lists of investment opportunities for foreign investors, cooperate in attracting the investments of Iranians living abroad and reform or eliminate superfluous regulations that prevent the development of investments.

The two organizations will also jointly hold training courses on how to collaborate with foreign partners, how to negotiate and other courses on banking and finance operations, as well as international markets, according to Financial Tribune.

The MoU has been aimed at continuously increasing the share of national economy from the international economy and the collaboration of private sector in this regard which, in tandem with the capacities, capabilities, geographical and economical advantages, incentives and loans offered by free trade zones. This will prepare the ground for undertaking joint efforts and investments in many sectors.