News ID: 271462
Published: 0321 GMT July 13, 2020

Nearly 60 FDI plans approved in three months

Nearly 60 FDI plans approved in three months

In the first quarter of the current Iranian year (March 20-June 20), 58 foreign direct investment (FDI) plans worth $832.6 million were approved in Iran, according to a report by the Ministry of Industry, Mine and Trade.

A total of 26 plans of the industry, mine and trade sector, with a total value of $467 million, has the lion’s share among the approved projects, reported

Of the 26 investment plans, in terms of value, the share of the industrial sector is 68 percent, the mining sector stands at 20 percent, while that of the trade sector is 12 percent.

Chemical products, Internet businesses, coke and the products of oil refining are the main areas of proposed FDI plans during the three-month period.

The top four countries in terms of value are Germany, UAE, Austria and China, while Afghanistan has the largest number of plans with eight, followed by China, the UAE and Germany, the report said.

The provinces of Sistan and Baluchestan, Tehran and Alborz are ranked first to third, respectively, in terms of the value of foreign investment approved.


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