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Iran encourges foreign investment in its massive telecom projects

Xinhua, September 6, 2016 Adjust font size:

Iran welcomes foreign investments in its Information and Communications Technology (ICT) projects, Minister of Communications and Information Technology Mahmoud Vaezi said here on Tuesday.

Iran plans to invest 16 billion euros (17.86 billion U.S. dollars) in ICT by the state and private sectors in the next five years, Vaezi was quoted as saying by official IRNA news agency.

One fourth of the investment will be made by the government and the private sector will undertake the rest, the minister said.

Iran encourages foreign investment in ICT and will facilitate the grounds for that, he said in an address to 'Iran Connect 2016' conference that started here on Tuesday and will last for two days. Endit