Why it matters
Iran's Leader, Ayatollah Khamenei, has designated this year as the year of "Investment for Production," stressing the importance of investment in boosting production and enhancing the economy. The focus lies on leveraging domestic capacities, building infrastructure to attract investment, and achieving self-sufficiency and sustainable development.
The big picture:
Subsidiaries of the National Pension Fund in Fars Province operate in various sectors, including food industries, tourism, energy, and transportation. Investment development in these areas can significantly contribute to economic prosperity and job creation in the province.
What he's saying:
Hojjatollah Mirzaei: "Innovative investments, both foreign and domestica, are pursued with a focus on replacing sanctioned machinery and parts, while new technologies are being developed to locally produce previously imported items like raw materials for infant formula, aiming to boost or maintain market share."
"The primary focus is on expediting project implementation and completion. Discussions with domestic and foreign investors are ongoing, with recent meetings indicating readiness for participation of those who are interested. These projects are set to become operational in the near future."
He highlighted existing obstacles, such as mismanagement and sanctions in the way, which are a common issue in all countries and added: "the strong presence of some regional competitors at the global level, which are seeking a larger share of foreign investment resources, have toughened the situation and reduces our ability to identify and attract economic partners."
"These challenges require serious attention. We hope that with improved international conditions and achieving stable global agreements, we can make effective use of these new opportunities."
Go deeper:
Acknowledging the challenges and successes of the producers and entrepreneurs, as well as their counterparts across the country, highlights several essential points for supporting national production. These include ensuring investment security for both domestic and foreign investors, the government's facilitative role, creating necessary infrastructure to increase production efficiency, and reforming the banking system to address these issues.
seyed mohammad kazemi
