The coverage of foreign investment risk in free trade and special economic zones
Seyed Amir Borhani, the Chairman of the Board of Directors and CEO of the Export Guarantee Fund of Iran, stated during the signing ceremony of a memorandum of Undrestanding with the Supreme Council of Free Trade, Industrial, and Special Economic Zones: This memorandum aims to promote exports and strengthen investments, with a focus on foreign investment in free and special economic zones.
According to the Public Relations of the Export Guarantee Fund of Iran, Seyed Amir Borhani said during the signing of the memorandum of understanding with Hojatollah Abdulmaleki, the adviser to the President and the Secretary of the Supreme Council of Free Trade, Industrial, and Special Economic Zones, that the goal of this memorandum is to establish a framework for mutual cooperation between the EGFI and the Supreme Council of Free Zones in supporting the non-oil exports development of the country, increasing foreign investment, and enhancing export financing for exporters and active investors in free and special economic zones.
He added that the Fund, in addition to facilitating the financing of export contracts for economic actors in free zones by issuing credit guarantees, can also cover the risk of receivables collection from foreign buyers for exporters.
The CEO of the Export Guarantee Fund of Iran added that, for the better presence of technical and engineering service exporters in target markets, the Fund is ready to provide various contract-based guarantees (participation in tenders, good execution of commitments, advance payment, refund of guarantee money) to technical and engineering service companies. Additionally, the use of the Fund's Reinsurance Agreements’ capacity with other ECAs in target countries to facilitate matters related to economic actors in free zones within the framework of the mentioned memoranda of understanding is among the services of this Fund.