“Iran could have attracted foreign investments between 40 to 50 billion dollars annually but due to the sanctions, lack of communication, lack of trade trust, the condition for foreign investment is not favorable,” Chairman of the Iranian and Foreign Joint Venture Investments Association told.
Iran attracted $2.351 billion of foreign investment during the first five months of the current Iranian calendar year (March 20-August 21), up 97 percent compared to the same period last year, Finance and Economic Affairs Ministry data showed.
Head of Iran’s Export Confederation Mohammad Lahooti believes the country is able to recoup the current halt in exports to Azerbaijan Republic and Armenia easily.
Southern Iranian province of Kerman has attracted 282 million dollars' foreign investment from total approved investment of 1.65 billion dollars in six years, a provincial official said on Tuesday.
Some 44 foreign investment projects in the fields of solar energy, health, steel, urban development, tourism, industry and industrial tools from 13 countries obtained permission to launch activities in Yazd province, said head of the provincial Economic Affairs and Finance Department.
Iran plans to obtain $3 billion in loan from foreign sources to finance projects for reviving Lake Urmia, a provincial official said.
Ali Larijani, the Speaker of Iran’s Parliament urged the Iranian law-makers and officials to realize the potentials provided after the removal of anti-Iran sanctions.
Iran attracted $24.95 billion in foreign investments from Sept. 23, 2013, to Sept. 22, 2017, the director general of the Ministry of Industries, Mining and Trade’s Foreign Investment Office said.
Deputy Head of the Plan, Budget and Audit Committee of Majlis (Parliament) Hadi Qavami says 60-billion-dollar investment is to be annually absorbed in the course of the Sixth Five-Year Economic Development Plan (2016-21).
Deputy Minister of Economic Affairs and Finance and Head of Organization for Investment Economic and Technical Assistance of Iran Mohammad Khazaie said on Tuesday that foreign investment in country has increased up to the level of $3.124 billion.
