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Economy

Iran’s president to visit France next week

media Iranian President Hassan Rouhani arrives for a news conference, Tehran, Iran, 17 January 2016 Reuters/President.ir/Handout

Iranian President Hassan Rouhani is to visit France next week. It’s his first trip to Europe after sanctions over Iran’s nuclear programme were lifted on Saturday.

According to diplomatic sources, Rouhani will be in Italy on 25 January before heading to Paris on 27 January to meet President Hollande, along with prime minister and business leaders.

With Iran seeking foreign investors, all eyes are now turned towards Tehran for teaming up with local companies.

"Attracting foreign investment will be the best way of using the opportunity of sanctions relief to boost the economy and security," Rouhani told the Parliament on Sunday.

"Reaching eight per cent growth requires attracting between 27 to 46 billion euros in foreign investment each year," he announced.

The International Atomic Energy Agency confirmed on Saturday that Tehran had complied with its obligations over downscaling its nuclear programme, leading the United States and Europe to lift sanctions imposed for a decade.

Rouhani’s visit was originally planned in November but was cancelled after the deadly Paris attacks.

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