Speaking to NIPNA, Ahmar Pourfallah said the
grounds must be provided for the arrival of fresh and timely investment in the petrochemical
sector of the country both from domestic and foreign financiers.
He said the country’s capacity for absorbing
capital needed to be bolstered, adding, “Undoubtedly, international restrictions
could limit investments by foreign or even financiers, but fortunately, following
implementation of the JCPOA (Joint Comprehensive Plan of Action or Iran nuclear
deal), things have improved, and despite the current challenges, Iran’s petrochemical
industry could be regarded as a great opportunity for foreign investors.”
Iran struck the nuclear deal with the P5+1 group
of countries by the US in May announced it would pull out of the historic pact.
Months before, US President Donald Trump had called it the worst deal ever by the
United States.
He said investment in a country like Iran that is
regarded safe in the Middle East is attractive and therefore, “we must exploit
this opportunity as best as we can.”
Pourfallah said Iran’s 80-million population,
skilled and inexpensive labor, and proximity to several hundred million markets
are features that make Iran even more attractive for foreigners.