Iranian enterprises will invest $6.1 billion in the country’s industrial, mining and trade development projects, said Director General of Planning and Financing Department of the Ministry of Industry, Mine, and Trade Alireza Hadi.
The amount of investment attracted in Iran’s free zones increased by 57 percent during the nine months to December 20, 2020, as compared to the corresponding period last year, according to Morteza Bank, the secretary of Iranian Free Zones High Council.
Over $2 billion of domestic investments were made in Iran’s special economic zones during the Iranian year ending March 19, 2020, according to statistics released by the Ministry of Finance and Economic Affairs.
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.
Investment in mining industries including small- and medium-sized mines will provide the basis for export prosperity, said the director of investment development and international cooperation of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
Iran attracted over $2.3 billion of foreign direct investment during the first five months of the current Iranian year (March 20-August 21), up 97 percent compared to the same period last year, according to Finance Ministry data released on Saturday.
Iranian minister of finance and economic affairs said that in the first seven months of the current Iranian year (March 20-October 21), the country attracted a sum of $3.8 billion in foreign investments.
The director general of the Foreign Investment Office of the Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) said his country plans to attract $6 billion in foreign investments during the year to March 20, 2021.
President Bashar al-Assad said on Monday he wanted to expand business ties with Russia to help Syria cope with new US sanctions on its economy that threaten to undermine military gains Damascus achieved with Moscow’s help.
The war on plastic waste could scupper the oil industry’s multi-billion dollar bet that the world will continue to need more fossil fuels to help make the petrochemicals used in plastics, according to a new report.