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Sweden seeks to invest in Iran's ICT market: official

Xinhua, September 16, 2016 Adjust font size:

Sweden is seeking active presence in Iran's information and communications technology (ICT) market, Swedish Minister of Housing and Digital Development Peter Eriksson said here on Thursday.

Eriksson said Swedish investors are ready to participate in different sectors in Iran, particularly the ICT industries.

The remarks came at his meeting with Iran's Minister of Communications and Information Technology Mahmoud Vaezi.

Vaezi said Iran welcomes Swedish investments along with the transfer of digital technologies to the Islamic republic.

Iranian scientists are ready to cooperate with their Swedish counterparts to promote the ICT projects in the country, he said.

Iran's state and private sectors plan to invest an equivalent of 16 billion euros (17.86 billion U.S. dollars) in ICT in the next five years, the minister said.

One fourth of the investment would come from the government, with the rest from the private sectors, he said.

Iran encourages and facilitates foreign investment in ICT, he added. Endit