Foreigners invested nearly $3.5mn in Iran since nuclear deal

Vice President and Head of Management and Planning Organization of Iran Mohammad Bagher Nobakht made the announcement in the first meeting of the Planning Council of District 1 provinces on Saturday in the city of Sari, adding “41 projects in the country have received nearly 3.5 million dollars’ worth of investment since Iran’s nuclear deal and the lift of international sanctions.”

“The investment was made possible through the visits of presidents of nine world’s countries to Iran, following the inking of the JCPOA,” he added, noting that the names of the projects and the value of investments were available to be presented upon request.

Nobakht highlighted the role of the nuclear deal in removing obstacles that had been blocking Iran’s path to economic progress, saying “in the next few days, the Prime Minister of India Narendra Modi will also pay an official visit to Iran.”

Prime Minister Modi is expected to be present in Tehran during the signing of a trilateral MoU with Iran and Afghanistan, regarding Iran's Chabahar Port.

Since the final nuclear deal was announced on July 14, 2015, a number of European nations, as well as Asian and African countries, have reached out to Iran to take part in the various projects of the second largest economy in the Middle East. Iran has already inked contracts worth billions with France, Italy, Germany, China and South Korea among other countries. 

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