Iran’s oil minister has said that his country intends to raise $145 billion in domestic and foreign investments to improve its oil industry in the next 4-8 years, underlining the importance of cooperation with Chinese companies.
In the past ten years $100 billion capital has left Iran while foreign investment has dwindled to negligible amounts, Faryal Mostofi, director of Tehran Chamber of Commerce Investment Services said.
Inquiries have been made regarding over $2.7 billion of foreign investments in Iran's Khuzestan province in the current Iranian year (began on March 21, 2019) so far, Director General of Khuzestan Economic Affairs and Finance Organization Mohsen Kaviani said at a press conference.
Kish Island can help attract foreign investment to Iran and launching International Exchange by the end of the year can serve as a basis for local companies' interaction with foreign counterparts.
Iran has attracted some $6 billion of foreign investments for construction of new power plants, the managing director of Iran's Thermal Power Plants Holding Company said on Friday.
In the aftermath of sanctions removal as a result of Iran's nuclear deal with world powers –formally known as the Joint Comprehensive Plan of Action–the administration of President Hassan Rouhani has signed bilateral investment protection agreements with six countries, including Russia and Japan.
According to a report by ILNA, Germany has invested more than any other country in Iran.
Iran’s Foreign Minister Mohammad Javad Zarif attended today’s Parliament open session to present the MPs with a report on the process of the implementation of the nuclear deal, foreign investments and the challenges and opportunities facing the country’s Resistance Economy.
