Great economic potential for investment in Iran

Afkhami: there is a significant economic potential for foreign investors in Iran

Ali-Ashraf Afkhami, The chairman of the board of directors as well as the governor of Bank of Industry and Mine
Ali-Ashraf Afkhami, The chairman of the board of directors as well as the governor of Bank of Industry and Mine

Afkhami, Managing Director of Bank of Industry and Mine, says there is a significant economic potential for foreign investors in Iran that can create precious achievements for bilateral cooperation.

Afkhami, Managing Director of Bank of Industry and Mine, says there is a significant economic potential for foreign investors in Iran that can create precious achievements for bilateral cooperation.
In a meeting with the state of Lower Saxony’s economic delegation Afkhami said: with a population of about 80 million people, Iran is the second most populous country in the Middle East which possesses 9% of oil reserves and 18 % of world gas reserves and abundant mineral resources; therefore, such very important factors in the economy are the best stimulus for the participation of foreign investors in Iran.
It is time that global banks resolve their concerns regarding the Iranian market and financial cooperation and economic exchanges by adopting a reasonable policy and use the opportunities to participate in the competitive market of Iran, he added.

Pointing to the actions taken by the Iran-Europe Commercial Bank during the post-sanctions era, Afkhami said: Iran-Europe Commercial Bank — a German bank with a history of over 40 years of activity which has a very active role in international financial transactions of our country — started brokerage relationships and financial transactions through SWIFT immediately after the implementation of JCPOA, which can be a model for other German banks.
The presence of Iran-Europe Commercial Bank in the global banking market can play a very constructive role in Iran’s economic prosperity by facilitating bank transactions between Iran and European companies, especially German companies, Managing Director of Bank of Industry and Mine stressed.