Iran Press/ West Asia: Ehsan Khandouzi, the Minister of Economy and Finance, stated in a press conference on Tuesday that Iran's proposal will contribute to the growth of low-interest Muslim countries.
The Minister of Economy revealed that negotiations were held with the Islamic Development Bank during the Riyadh meeting for financing construction projects worth 7 million euros. The Islamic Development Bank agreed to fund these projects and also committed to three new hospital and knowledge-based initiatives.
Furthermore, he mentioned that Saudi authorities expressed willingness to resume cooperation during their visit to Saudi Arabia. A Saudi business delegation visited the Tehran Expo and accepted Iranian proposals in a meeting with Iranian officials. Two representatives from Saudi Arabia were designated to follow up on these agreements.
Addressing concerns of foreign investors regarding exchange rates, the Minister noted that 151 million euros of capital had been imported, but only half had been declared. He assured that with cooperation from the Central Bank, foreign investment processes will become more attractive this year.
Additionally, he announced plans to establish investment management companies under the infrastructure financing law. This move aims to manage investments effectively, especially in border provinces.
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