TEHRAN (Mehr News Agency)- Private sector activists have to compete in international investment markets to fulfill parts of the country’s fourth development plan, said chief of the board of directors of Iranian Association of Shared International Investments, Hossein Salimi.

A sweeping package of reforms to create political and economic stability would be required to ensure both domestic and foreign investors, stressed the official adding that French Total’s 2-billion-dollar investment in South Petro Pars happened to be the largest international share in multilateral projects.

Underlining the significance of investments in free trade zones, Salimi said since the High Council of FTZ, the organization in charge of arranging legislations for investment affairs in such areas is considered as a subsection, most of the interested foreign companies prefer to invest in the main zone, which has its regulations adjusted by the parliament. “The country would benefit more from the international funding if the organizational body supports foreign investment policies,” the official stated.

The private sector deserves strategic capacities and motives to enter international sites of investment, Salimi said criticizing lack of charted laws to smooth the way for private sector to share out abroad.