32 historical sites temporarily ceded to private investors

TEHRAN – A total of 32 Iranian historical places and monuments have been temporarily ceded to the private sector as of October-November 2017, Mehr reported.

Private sector should contribute to oil fields development: NIOC director

TEHRAN - Director of National Iranian Oil Company (NIOC)’s Discovery Department said the private sector should be able to contribute to developing the country’s oil fields, IRNA reported on Saturday.

IMIDRO to put 129 projects worth $17.8b into operation by 2022

TEHRAN- Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) will put 129 projects worth $17.8 billion into operation by Iranian calendar year 1400 (March 2021-March 2022), the organization published on its official website on Saturday.

Private sector seeking imports not relying on NIMA

TEHRAN- Regrading the urgent need of producers for the raw materials and also for machineries, setting up a mechanism for imports of such goods not relying on receiving foreign currency through NIMA is now seen more necessary, head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) stressed.

‘Defense Ministry ready to cooperate with private sector’

TEHRAN – Deputy Defense Minister Qassem Taqizadeh said on Monday that the Defense Ministry is ready to cooperate with the private sector.

Private sector should cover expenses for research: VP

TEHRAN – The private sector should cover expenses for conducting research at universities, the vice president for science and technology has said.

Iran to sell 3m barrels of oil to private sector at IRENEX

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh announced on Wednesday that the heads of the three branches accorded to sales of three million barrels of crude oil at Iran Energy Exchange (IRENEX) via a 100-percent-rial mechanism, IRNA reported.

Iranian private sector contributing to Syria’s reconstruction projects

TEHRAN – Iranian private sector has started cooperation with Syria in order to rebuild the country’s war-damaged infrastructures, ILNA reported on Wednesday quoting Iranian deputy minister of roads and urban development.

Private sector provided with forex to import medicine, medical equipment

TEHRAN- The cabinet of ministers has agreed to provide the private sector with conditional access to foreign currency for importing medicine and medical equipment in special cases, ISNA quoted Kianoush Jahanpour, spokesman for Food and Drug Administration, as saying on Sunday. 

Privatization envisaged in budget law achieved by 60%: IPO head

TEHRAN- Some 60 percent of the target for divesting state-run shares to the private sector envisaged in the budget law for the present Iranian calendar year (began on March 21) has been already achieved, according to the head of Iranian Privatization Organization (IPO).

Private sector operates 60% of Iran’s thermal power plants: official

TEHRAN – Near 60 percent of Iran’s thermal power plants are running by the country’s private sector, Mehr news agency reported on Friday quoting a Thermal Power Plants Holding Company (TPPH) mananger.

By Mahnaz Abdi

Private sector suggesting approaches to counter sanctions

The U.S.’s withdrawal from Iran’s nuclear deal and imposing fresh sanctions on the country has put Iran in a new economic condition and under the new condition the role that private sector can play to tackle the sanctions has come under the spotlight.

1,900 semi-finished projects transferred to private sector in a year

TEHRAN- An official form the Management and Planning Organization of Iran (MPO) announced that 1,900 unfinished projects across the country were privatized during the last Iranian calendar Year (ended March 20, 2018), IRIB reported on Monday.

Private sector to revive, operate historical houses in Shiraz

TEHRAN – A total of 28 houses in the city of Shiraz, including 11 historical ones, are to be ceded to the private sector with the aim of receiving better conservation through repurposing them into thriving eco-lodges or other profitable niches.

IPO to hand over 26 gas stations to private sector

TEHRAN – The private sector is going to take charge of 26 government-owned gas stations across Iran by the end of the current Iranian calendar month (September 22), IRIB reported.

CIT Ministry supports private sector’s space industry

TEHRAN – The Ministry of Communication and Information Technology (CIT) financially supports space industry projects being implemented by the private sector, Mehr reported on Wednesday.

Private sector welcomes secondary forex market

TEHRAN- Establishment of secondary foreign exchange market was one of the main demands of private sector and now that this market is set up private sector welcomes its activity, according to the chairman of Exports Committee of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA).

Iran set to let private sector to export oil to confront U.S. sanctions

TEHRAN - In a move to beat U.S. sanctions, Iran will let private companies to export crude oil, First Vice President Eshaq Jahangiri announced on Sunday.

‘Private sector plays great role in development of Iranian space tech’

TEHRAN – Private sector has a great role in development of space-based technology in Iran, the Iranian Space Agency (ISA) director has announced, ILNA reported on Monday.

Rouhani: Private sector able to foil sanctions effects

TEHRAN – President Hassan Rouhani on Sunday reiterated his administration’s policy to help boost the country’s economy and said the private sector is capable to offset “the weapon of sanctions”.

By Mahnaz Abdi

Private sector invigorating Iran’s post-sanction economy

Years of economic sanctions against Iran had caused great hardship for the country’s foreign trade, making Iranian traders faced with many barriers and dashing foreign traders’ hopes of business activity in Iran.

By Mahnaz Abdi

PMO supporting private sector in ports development

In a bid to bolster its foreign trade and also elevate its transit status, Iran has some projects underway to develop its ports which are located in north and south of the country.

By Mahnaz Abdi

A year with more private sector’s contribution to transportation

Transportation development is one of the most significant necessities for economic growth and improvement of public welfare.

Private sector to fund $556m for construction of freeways across Iran

TEHRAN – Iran’s Construction and Development of Transportation Infrastructures Company (CDTIC) signed 25 trillion rials (about $556.3 million) worth of deals with the country’s private sector for joint construction of 439 kilometers of freeways across the country.

Private sector to revive, operate more historical monuments in Iran

TEHRAN – A total of 269 historical places and monuments across Iran are to be ceded to the private sector with the aim of receiving better conservation through repurposing them into thriving eco-lodges or other profitable niches.