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Municipality News

Investment offices set up in Qom 8 districts: Official

Head of investment and public participation organization of Qom Municipality has announced the establishment of investment offices and attracting public participation in Qom eight districts.

According to the decision of the Supreme Investment Board of the municipality, the office of investment  has been reopened in the eight districts, so the districts must move towards attracting investors, Ali Ramezani said in an interview.

Ramezani stressed the importance of preparing infrastructure to attract investment for urban development, saying that the city is a living and dynamic creature that can be developed by the private sector’s participation.

He went on to say that Qom Municipality has paid special attention to attracting and cooperating with the private sector in recent years but due to some factors, such as inflation, sanctions, etc., some of the projects were not completed.

To encourage the private sector to participate in the project investments, the municipality has defined some incentives for the districts, he noted.

The municipal official explained that if a district can attract an investor, 50 to 100 percent of the project revenue will be allocated to that district,

Earlier, the mayor of Qom had ordered to set up investment offices in Qom 8 districts and form a committee to facilitate the issue.

Dr. Seyyed Morteza Saghaghiannejad stated that in order to move towards sustainable development and dynamism of the city’s economy, we must provide the grounds for the active presence of the private sector.