KERMANSHAH -- Bosnian Ambassador to Tehran Ibrahim Efendic said here Tuesday that the Islamic Republic of Iran enjoys a very suitable ground for foreign investment among regional states in the Middle East region. Speaking to IRNA on the sidelines of international conference on investment in Kermanshah Province, he said both the Islamic Republic of Iran and Bosnia enjoy very good political relations and "we are determined to further broaden our ties in economic sector as well."

"We are to study grounds for expansion of economic relations with Iran", he said.

On latest developments in the Middle East, he said the Islamic Republic of Iran is considered as a powerful country in the region and it is expected to create a much better situation for attraction of foreign investment in the country.

An economic delegation will arrive in Iran during July-August to prepare grounds for expansion of economic cooperation between the two countries, he said.

Representatives will attend a joint conference in the near future to study grounds for attraction of investment to help bolster economic and industrial ties between the two sides, he said.

Minister of Industry and Mines Eshaq Jahangiri, MPs, ambassadors, first secretaries of foreign embassies in Tehran along with a number of domestic and foreign businessmen attended the international conference on investment in Kermanshah province which kicked off on Tuesday.

Investors from Bosnia, Poland, Slovenia, China, South Korea, Australia, India, Japan, Saudi Arabia and Iraq have attended the two-day conference.