Speaking at the Isfahan Chamber of Commerce, he added that 1,659 shares will be allocated to Iran once its membership in the agency is finalized. "MIGA is an agency affiliated to the World Bank which guarantees investment in member states," he added, according to Irna. Given that Iran is required to present its amended foreign investment laws to other states, MIGA can undertake such a task in member countries. "As a member of MIGA, Iran can benefit from investment in other countries and consultant services in the field," added the official. He reiterated that Iranian commercial and production companies can also benefit from the services provided by MIGA and proceed with promoting investment. "Given that foreign enterprises willing to invest in Iran will also be able to use MIGAs investment guarantees, Iranian companies should declare the countrys membership to all their economic partners worldwide," he noted. Encouraging the Iranian enterprises to invest in neighboring states, he said that given Irans cultural commonalties with its neighbors, it will be able to invest in those lands. Dureau said that the 12-billion-dollar worth guarantee so long provided by MIGA has contributed to 50-million-dollar investment in various countries. Turning to MIGAs investment guarantee against unrests arising from social disorders, civil wars, sabotage, blockage of investment due to wars and nationalization of capitals, he said that MIGA extends investment services in all economic sectors except tobacco and defense industries.