The Director General of Economic Affairs and Finance of Yazd Province announced a significant increase in foreign investment in the province, stating that in the year designated as the “Year of Investment in Production,” Yazd has secured a special position in the development of production and the country’s international economy by attracting several investors from various countries.
Mohammad Dehghan-Menshadi, in an interview with ISNA, highlighted the province’s success in attracting foreign investors, noting that since the beginning of this year, foreign investment licenses have been issued for 11 new projects as well as two capital increase permits for companies with existing foreign investment licenses in Yazd.
He stated that the total approved investment for these projects amounts to $479 million, marking a significant increase compared to last year.
Dehghan-Menshadi described this level of investment as an important achievement under the current economic conditions of the country, emphasizing that it reflects foreign investors’ trust in the province’s production and industrial capacities.
He explained that most foreign investment projects in Yazd are concentrated in three main sectors: industry, solar energy, and agriculture. These projects are being implemented with investors from China, Oman, the UAE, Afghanistan, and Turkey in the counties of Ardakan, Ashkezar, Taft, Yazd, Bafq, and Meybod.
The Director General added that this diversity in sectors and investor countries demonstrates that Yazd has successfully gained the confidence of foreign investors and is emerging as a key hub for production and new energy in the country.
Dehghan-Menshadi also pointed out the legal incentives and benefits for foreign investors in the province, noting that all incentives are provided under the framework of the law on encouraging and supporting foreign investment.
Foreign investors in Yazd enjoy equal treatment with domestic investors, the ability to bring in cash and non-cash capital without additional permits, guaranteed protection of their investment against nationalization or expropriation, and freedom to transfer profits and principal abroad.
Additional advantages include participation in the capital market, purchasing shares on the stock exchange, membership in investment funds, issuance of visas and work/residence permits for foreign nationals, and the ability to own land.
He added that if export limitations exist, investor enterprises can sell their products in the domestic market and purchase and transfer the necessary foreign currency through the banking system.
Referring to the province’s investment potential, he stated that under the “Sustainable Yazd” program, investment opportunities in industry, mining, agriculture, services, tourism, and knowledge-based sectors have been identified and organized to facilitate faster and more transparent investment processes.
In conclusion, the Director General emphasized that Yazd, with its favorable geographical location, strong industrial infrastructure, and scientific planning in new energy sectors, is now one of the country’s leading provinces in attracting foreign investment, thereby paving the way for national production growth.
