23 January 2017, Iran
D-8 Secretary-General addressed the Investment Summit in Mokran
At the invitation of Mokran Shores, Dr. Seyed Ali Mohammad Mousavi, the D-8 Secretary-General, attended the International Summit for Presenting Investment Opportunities in Mokran Shores On 23 January 2017 in Chabahar Free Zone, Iran.
Dr. Mousavi mentioned that Investment is a key concept in economy and when investment is effective, there will be increase in the productive capacity of the economy. He said that Investment is a key component of Economic growth which is essential to reduce poverty in developing countries and to improve people’s living standards. He added that trade and foreign direct investment play an increasingly large role in the economic growth of developing countries.
He appreciated the organizers of this event for hosting of this timely event which should draw significant attention in the economic community of the region, Iran as a whole in particular. Dr. Mousavi, in reference to the D-8 Organization for Economic Cooperation, said that the D-8 put a lot of emphasis on the investment aspect of economic development. He noted that the increase in the Foreign Direct Investment (FDI) flows is a good indicator of economic health as well as stability and business confidence. Being an important source of foreign exchange receipt, FDI flows to D-8 member states has almost quadrupled from 15.7 billion dollars in 1997 to 58.2 billion dollars in 2015. All countries have managed to increase their FDI stock, Turkey and Egypt being the most significant ones.
He hoped that D-8 Member States would have interest in investing in Mokran Shores and would find mutual benefit in doing so. An intra-D-8 investment initiative would not only help Mokran but also help the D-8 Member States diversify their economic baskets and yield more benefits.