July 26, 2020. The head of investment affairs in Qom Municipality says proper arrangements have been made in the field of investment in Qom, which is in the interests of the development and prosperity of the city.
MohammadReza Marefat made the remarks referring to the importance of participation and attracting investors in development projects in Qom.
The Qom municipality official noted that the costs of the city is financed from public taxes and revenues, adding that using the private sector’s capacities and investing in the implementation of projects are important strategies for development since the government hasn’t defined any budget for the development and implementation of civil projects.
Marefat said that in recent years, attention to investment in government and municipalities has been highlighted and officials came to conclusion that it is necessary to use the capacity of the private sector to run the city and the country for serving the people, noting that relying on the resources of government or municipality is not enough for development alone.
He reiterated that the Islamic City Council of Qom has emphasized on attracting investors and its infrastructure is also provided by the city’s managers, and investors can invest in the city of Qom easily.
The head of investment affairs in Qom Municipality stressed that investment is defined in two parts as part of the municipality’s duties, citing the first part includes using the investment capacity of the private sector and the second part aims to earn sustainable revenues for the municipality to reduce the municipality’s dependence on taxes.
He went on to say that using the capacity of the private sector will boost the city’s economy, and increasing the city’s income will lead to the development of services to citizens and pilgrims.