Despite the most severe sanctions against Iran, the volume of foreign investments in Iran has tripled in the current year in comparison to the same period last year, said director general of Organization for Investment Economic and Technical Assistance of Iran (OIETAI).
Iran has approved 32 new projects with direct investments from foreign nationals as authorities say the value of foreign direct investment (FDI) schemes ratified over the past four months (March 20-July 21) has tripled compared to the similar period last year.
Iran's Qom Province has managed to attract foreign investments, said head of the Industry, Mine and Trade Organization of Qom Province. adding that the approach of the province's economy is based on production and support for investors.
The official statistics published by Iran’s Ministry of Industry, Mine, and Trade shows that the country’s industrial parks attracted 231 cases of foreign investments amounting to $2.1 billion in the past Iranian year (ended March 19).
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.
Iran's Ministry of Industry, Mine and Trade announced on Wednesday that it has approved foreign investment proposals worth $417.3 million in domestic industrial, mining and trade sectors since the beginning of the current calendar year (March 20).
Iran’s industrial, mining and trade sectors witnessed a 6.5 percent decrease, year-on-year, in terms of the value of approved foreign direct investment (FDI) in their projects in the 11 months of the previous Iranian calendar year (March 21, 2019-February 19, 2020).
Foreign direct investments (FDI) in Iran increased by 50 percent during the first 10 months of the current Iranian year (March 21, 2019-January 20, 2020) compared to the same period last year, Iranian Finance and Economic Affairs Minister Farhad Dejpasand announced.