Economic security is the most significant precondition contributing to the development of investment in the country, a senior Iranian official said.
Mohammad-Reza Behzadian Deputy Interior Minister for Planning was quoted by Iran's official news agency (IRNA) reported Monday as saying that attracting foreign investments is the best way for economic development and job creation.
He complained about certain red tape, which has hindered development of investment in Iran.
Touching on the runaway unemployment which officially stands at around 15 percent in the country, Behzadian said, "Under the third five-year economic recovery plan (March 2000-March 2005), five million jobs are to be created for which an investment of 830,000 billion Rials is needed," -- Albawaba.com
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