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Ali Naqavi, Managing Director of Iran’s Financial Center, in an interview with IRNA here outlined plans and efforts for attraction of foreign investments. He said lack of familiarity with Iran’s regulations and capacities are still among major bottlenecks on the way of absorbing foreign investment.
He said despite efforts which have been made so far, many foreign investors lack the required information and knowledge about Iran’s capacities and potential economic capabilities.
Pointing to the high enthusiasm of foreign investors, particularly the Europeans, to enter into Iran’s market after the sanctions noted that although rules and regulations have been set very good for foreign investors, however they have not collected the required information about the regulations and even do not know how to receive transaction code in Iran.
He said in the past three or four months many foreign delegations interested in making investment in the Iranian market have come to Iran and are decisive to collect information in order to launch their activities following cancellation of sanctions.
According to Naqavi, Iran’s capital market has made a satisfactory growth in the past decade and rules and regulations governing over the Iranian capital market with changes which were made in 1384 (2005-2006) are among modern regulations of financial markets of the world.
He said in the light of the changes, now there is the possibility for foreign investors to come and purchase share of Iranian companies in the stock market or through investment and currency funds.
Meanwhile, he added, measures are underway to provide the required infrastructure for foreign companies to trade their shares in domestic and foreign stock markets.
Pointing to the importance of familiarity of foreign investors with Iran’s economic capacities, Naqavi said on the basis of the planning that has been made Iran’s investment opportunities will be presented in the Iranian websites in English and this will be done on the website of Iran’s Financial Center as well.
He further remarked that in the month of Shahrivar (August/September) a conference will be held in Tehran with the participation of financial activists of the world for exchange of views in this field.
Meanwhile, he noted, along presentation of information and training of the foreign side Iran’s economic activists should become acquainted with the world markets in order to strengthen their contacts within the framework of these relations.
Pointing to the organization of the ongoing first training course on the world financial markets in London for members of board of directors of major Iranian brokerage companies, he said Britain is one of the main financial centers of the world and it was selected for the training course in order to take advantage of the experience of professors here.
The aim of the training course is that if active Iranian companies intend to strengthen their international communication they would know which mechanism and tool should be used and through which instruments they can attract foreign investors.
