Sustainable Security Key to Attracting Foreign Finances: MP

Sustainable Security Key to Attracting Foreign Finances: MP
(Wednesday, March 7, 2018) 19:14

TEHRAN (NIPNA) -- A member of the Iranian parliament says, because of its stable security, Iran is a safe country for attracting new investments in various industries including the petrochemical industry.

Speaking to NIPNA, Abdul Karim Hosseinzadeh, a member of the Civil Affairs Committee of the Islamic Consultative Assembly (parliament), referred to the need to attract foreign capital, especially in the oil and petrochemical industries, saying that Iran, as a safe island among the countries of the region, has a large capacity to raise funds.

He said the country, by strengthening its energy diplomacy, should facilitate the arrival of new capital into the petrochemical industry as a dynamic industry.

The MP pointed to the role of the Joint Comprehensive Plan of Action (JCPOA) in enhanced production and export of petrochemical products in Iran, adding: "Undoubtedly, JCPOA has played an unmistakable role in the success of this year's oil diplomacy, although barriers have been created by some countries in this regard."

Hosseinzadeh said: "Given the re-entry of Iran into the international community, these opportunities should be fully utilized to further the country's progress and promote its economic wellbeing."

This member of the Civil Affairs Committee of the parliament further added that all the required infrastructure for development of the petrochemical industry is provided in Iran, and "we hope that the desirable trend of increased production and export of petrochemicals continue to secure fresh investments in the country.

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