December 04, 2008

Privatization in Iran to be completed in 2014 - Report

Tehran Times quoted Mr Gholamreza Heidari Kord Zanganeh MD of Iranian Privatization Organization as saying that privatization in the country will be completed by 2014.

Referring to enforcement of Article 44 of the constitution, Mr Gholamreza said that 80% of the state run companies will be privatized. He added that revenues earned by the selling of shares in Tehran Stock Exchange will be injected into the government’s coffers