Velayati, a senior advisor to the Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei, is a member of a coalition which also includes senior lawmaker Gholam Ali Haddad-Adel and Mayor of Tehran Mohammad Bagher Ghalibaf.
Speaking at a press conference on Sunday, Velayati said his group will introduce a powerful team to deal with the economic, social and political issues of the country.
So far, at least 20 Principlist, Reformist and independent candidates have announced their decisions to run for president in Iran’s upcoming presidential election.
Iran's Interior Minister Mostafa Mohammad-Najjar announced on December 15, 2012, that the Islamic Republic’s eleventh presidential election will be held on June 14, 2013.
He added that the registration of presidential candidates will be conducted from May 7 to May 11.
The president of Iran is elected for a four-year term in a national election. Candidates for the presidency must be vetted for qualifications by the Guardian Council.