News ID: 278405
Published: 0308 GMT December 20, 2020

Foreign investment in industrial, mining, trade sectors up 71%

Foreign investment in industrial, mining, trade sectors up 71%
IRNA

The amount of foreign investment attracted in Iran’s industrial, mining and trade sectors during the eight months of the current Iranian year (March 21-November 20) increased 71.2 percent compared to the same period in the previous year.

According to the latest data released by the Industry, Mine and Trade Ministry, the total volume of foreign investment attracted for projects stood at $1billion, compared to $597 million in the previous year’s eight months, shatanews.ir reported.

The Industry Ministry approved 75 foreign investment projects in the said period, 36.4 percent more than the last year’s 55 cases.

In October, Finance and Economic Affairs Minister Farhad Dejpasand announced that over $3.8 billion in foreign investment was attracted during the first six months of the current Iranian year (March 20-September 21).

Dejpasand also said that Finance Ministry has outlined a plan for facilitating and expediting the attraction of Iranian expatriates’ investment, based on which some incentives and guarantees will be allocated to those investors.

   
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