Iran needs $4 trillion in investment

Click here: Tehran Times – Iran needs $4 trillion in investment

Minister of labor and social affairs says the Islamic Republic needs up to 4 trillion dollars investment for economic development.Iran should lay out proper plans to have access to various advanced technologies by 2020, Mohammad Jahromi said, attending a conference on the development of non-oil exports in Tabriz in northwest Iran.The conference has been slated to boost up the implementation of Article 44 which aims to downsize the state role in businesses and provides a broader room for the private sector, according to presstv.com.

…He went on to say that the trade laws should allow a private investment of 3 trillion dollars to achieve a vibrant economy.The minister called for the maintenance of a balance between the supply and demand.The output in most producing units surpasses local market needs and the new state policies should focus on export development, concluded the minister.

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