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News$40Billion Foreign Investment Opportunities in Iran’s Mining Sector

$40Billion Foreign Investment Opportunities in Iran’s Mining Sector

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2016/05/08Date:




Tehran, May8, IMIDRO_ The sixth development plan and development projects in Iran’s mines and mining industries sector are appropriate opportunities for Europe and Iran to achieve mutual benefits, Mehdi Karbasian, Chairman of the board of IMIDRO, expressed.
According to the report of public relations of IMIDRO, Addressing managers of large mining ,investment, banking, financial and insurance firms from Iran and Europe during the third Europe_Iran Forum in Zurich, Mehdi Karbasian declared that Iran has extensive plan for mines and mining industries sector development which requires $40 billion investment to develop steel, aluminum, copper, zinc and mineral sectors related to mine sector such as exploration and infrastructure affairs which could be a Europe_Iran joint venture opportunity.
Karbasian said:”we seek to cooperate with the world’s first_tier companies in achieving our goals.”
IMIDRO provides proper conditions for obtaining the required licenses based on priorities. All steps of investment and investment attraction process will be performed under the law of foreign investment attraction guaranteed by the government of the Islamic Republic of Iran for return or outflow of capital from country.
Iran in the sixth development plan (will start on March2017) seeks to attract $250 billion investment in oil and gas, infrastructures, industries and mines and mining industries sectors. This create a golden opportunity for European firms such as banks, equipment suppliers, investors, insurances,etc.,which lead to development of bilateral strategic and long term relations.
Attendance in IMIS 2016
  In order to negotiate with IMIDRO and other Iranian companies as well as to discover Iran’s economic potentials, Karbasian invited mining ,investment ,banking and insurance firms to attend the second Iran Mines and Mining Industries Summit (IMIS2016)which will be held on 11_12 July .
The third Europe_Iran Forum held on may 3-4 in Zurich attended by 400 representatives of investors, banks and insurance firms.
Source: Imidro.gov.ir