The Minister of Economic Affairs and Finance stated that the financial support of the foreign investment is one of the priorities in the exploitation from National Development Fund resources.  

He added that the widespread privatization plan, resulting in the divesting of more than 70 Billion dollars of the state owned assets was implemented in Iran.  

In view of the Mehr News reports, in the 2nd Meeting on Investment held in Xiamen, China, Mr. Shamseldin Hosseini, the Minister of Economic Affairs and Finance examined some of the roots and substantial causes of the international financial crisis and said that: “Now that we are holding the 2nd Meeting on Investment, the international financial crisis is three years old.”  

Mentioning the varieties of the lessons to be taken from the crisis, Mr. Hosseini underscored some of the combinations of lessons:  “It was proved again that the crisis is rooted at the financial structures and mechanisms, particularly in the capital market.”  

He said that the recent economic developments in Iran is followed up in the same framework in a manner that the economic principles of the Constitution were reinterpreted and nowadays the domestic and foreign private sectors may take part in a just competition of investment in different fields.   The widespread privatization plan, exceeding the border of 70 billion dollars of divesting was implemented in Iran and at least the same size of further divesting is in the current agenda.  

“The Foreign Investment Promotion and Protection Act and the Regulations of Investment in the Stock Exchange, is being implemented taking into account the competitions and protective considerations, including a completely just behavior, without any discriminations towards the foreign investors,” he added.  

Mr. Hosseini explicitly mentioned that: “During recent years, in the way of the facilitation of the investment in Iran, the related regulations were amended, resulting in 85 percent promotion of foreign investment in 2009 and the 57-percent growth of the capital market index in the recent year.  This outlook may be traced in the fifth development plan of the country.   Moreover, the financial support of the foreign investment is one of the priorities in the use of national development fund resources.