Practical Strategies for Attracting Foreign Direct Investment in the City

The development and the promotion of the quality level of urban life constantly require expenses and large-scale investment and in order for the urban management to provide them, some issues need to be resolved. Such expenses, in different countries, are usually financed through two methods, sustainable and unsustainable. One of the sustainable methods of financing the expense is utilizing the participation of the private sector, especially in the foreign direct investment. The article has investigated into the foreign investment as one of the participatory methods of the economic development of the city and financing the expenses of the municipality. The research method is descriptive-analytic and the instrument for collecting the data is the study of the deeds. Moreover, in this article, the scope and the importance of foreign investment in the economic development and growth have been probed and, eventually, practical strategies for the improvement of the foreign investment status will be introduced. According to the investigations made in this article, foreign investment, as one of the main aspects of sustainable obtaining of the revenue for the municipality, is put forward. With regard to the practical strategies for the development of foreign investment, the effective factors for attracting it are the betterment of the atmosphere of business in the city, organizing international seminars on foreign investment, FDI database in the cities, constant supervision of the approved foreign investment plans, and the efforts for resolving the existing problems.