Iranian Privatization Organization

Ali Salehabadi: "Novin investment fund with 500 billion Rls. will launch in near future."

The American International Enterprise detailed the foreign investment contracts amounting to 218 billion dollars of the first eight economic powers of the world, including the US, China, France, Russia, Germany, Italy, Japan, and the UK in Iran during 2000-2007.

The Iranian Private Organization (IPO) Deputy said that: “At least 82 SOEs shall be divested by the end of the current Iranian Year.”

The IRI Organization for Foreign Investment reported that 54 projects of investment in Iran amounting to 10.7 b USD were approved in the period of April to September 2007.

"Iran intends to gain the first rank not only in the middle east but also throughout the world and with the divestiture of the shares of banks and the telecommunications; Iran shall be the first ranking country in this regard internationally."

"Nine petrochemical complexes are now ready to be divested to the private sector", said the head of the secondary headquarters for the implementation of the Principle 44 in the National Petrochemical Industries Company.

High Council for Tehran Stock Exchange (TSE) in his recent meeting, issued the permit for the establishment of the third financing company (Investment Bank) titled: “Parsian Financing Company”

Iranian Privatization Organization (IPO) deputy announced the timetable for the divesting of shares of five banks, namely Mellat Bank, Saderat Bank, Tejarat Bank, Refah Kargaran Bank, and the Post Bank.

Superintendent of the Ministry of Oil said, "on the strength of the Principle 44 notification, 92 oil companies shall be divested to the people."

The IPO executive director reported of the preparation of shares of 757 companies to be divested to the private sector.