TEHRAN – Foreign investments in Iran have reached greater than $4 billion, the top of the Organization of Iranian Investment, Economic and Technical Advisors (OIETAI) introduced.
Ali Fekri, who can also be Iran’s deputy financial minister, mentioned that below the administration of President Ebrahim Raisi, who took workplace in August 2021, greater than $4 billion in international funding has been attracted yearly, Tasnim information company reported.
He has set his sights on Iran’s membership in a number of main worldwide and regional organizations, and mentioned that below the present administration, relations with regional organizations equivalent to worldwide banks, the Shanghai Cooperation Organization (SCO), and the BRICS group of rising international locations have considerably elevated. He mentioned that it was activated.
He additional mentioned that regardless of sanctions in opposition to Iran, financial relations between Iran and most international locations are on a development trajectory.
Earlier, the group introduced that Iran’s Foreign Investment Committee authorised funding initiatives value $1.2 billion in varied financial sectors at its newest assembly.
Back in December 2023, the Ministry of Industry, Mines and Trade introduced that 73 international investments value roughly $382.4 million have been made in the course of the first six months of the present Iranian calendar yr (March 21-September 22, 2023). introduced that the challenge had been authorised.
According to information from the Ministry of Industry, of the entire variety of funding initiatives within the first half of this yr, the economic sector accounted for 93.8%, the mining sector accounted for two.2%, and trade-related initiatives accounted for two.2%. It’s 4% of the entire.
Approved international investments embrace all functions, together with investments for the creation of recent initiatives and the acquisition of shares in present corporations, in addition to international investments within the type of contractual preparations.
Of the 73 international investments within the aforementioned sectors, 24 have been 100% international investments, 34 have been joint ventures, and 15 have been within the type of civil partnerships, cross-sales, or build-operate-transfer (BOT).
The largest quantities of international funding authorised within the trade, mining and commerce sector in the course of the interval have been within the classes of wooden and wooden merchandise, mineral extraction, manufacturing of chemical merchandise and fundamental metals.
The high 5 international locations with the very best quantity of funding are Afghanistan, China, Turkey, India, and the United Arab Emirates, and the highest 5 international locations when it comes to authorised quantity are Fars, South Khorasan, Khorasan Razavi, Hormozgan, and Tehran. Ta. international funding.
In early April 2023, the Iranian authorities authorised a brand new decision to encourage international funding within the nation.
According to the Organization for Investment and Economic and Technical Assistance to Iran (OIETAI), the primary function of this decision was to encourage traders from different international locations, particularly neighboring international locations, to put money into Iran.
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