Military groups in Iran move out from business

The Minister of Defense, Amir Hatami, told Iran newspaper that on order of the Supreme Leader, Ayatollah Khamenei and based on new government policies, The Ministry of Defense will transfer its businesses and companies to the private sector. This policy also affects the Army and Revolutionary Guard. Without naming any specific companies, Mr Hatami said that the Ministry of Defense is in possession of shares from a number of companies in the Bourse which will ease their transfer to the private sector without help from the Privatization Organization. However, the success of the transfer process depends on the Market and the private sectors’ ability to pay. The Ministry of defense will also continue to serve as a government contractor as needed.

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