Shana-- Iranian President Hassan Rouhani says the financial reserves of the National Development Fund of Iran (NDFI) will cross 40 billion dollars by the end of his presidency in September.
 
Addressing a ceremony to launch 4 petrochemical projects on Sunday, the official said high interest rate of bank loans is a serious projects that hinders domestic investments in development projects in Iran but before the problem can be addressed, foreign financed can be tapped for funding projects in Iran.

He said inauguration of 6 phases of the supergiant South Pars Gas Field is an indication of the industrial and technical prowess of Iranian companies and experts, and said several petrochemical projects are also scheduled to be launched in the coming weeks.

"Iran enjoys vast potentialities for growth and development and talks are currently under way with 5 Eurasian countries for establishing a free trade zone in Iran," the official added.