TEHRAN, Aug. 08 (MNA) \u2013 In the near future and in line with further development, petrochemical industry of Iran will attract five billion dollars of foreign investment from three European companies.
\nDirector for Investment of National Petrochemical Company (NPC) Hossein Alimorad made the remarks highlighting that Return on Investment (ROI) in the Iranian industry was guaranteed and manifest.
\nThe official stressed that upon conclusion of negotiations and provision of necessary conditions in the near future, a total of $5 billion new foreign investment will enter the country\u2019s petchem industry by participation of three European firms.
\nHe pointed out that, following implementation of Iran\u2019s nuclear deal with 5+1 group of countries also dubbed as the Joint Comprehensive Plan of Action (JCPOA), foreign direct investment (FDI) agreements worth an aggregate total of 10 billion dollars had been sealed only in the petrochemical industry with European and East Asian countries.
\n\u201cVery soon, a portion of MoUs in which credible European companies are involved will lead to signing final contracts and attraction of capital to the Iranian petrochemical industry,\u201d Alimorad continued.
\nThe NPC official went on to underscore that \u201cover the last few weeks, process of negotiations with these companies has entered a new phase and it can be stated that entry of new investments in development projects of the Iranian industry is being realized.\u201d
\nPublish Date : 2017\/08\/13<\/p>\n","protected":false},"excerpt":{"rendered":"
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