Iran approves $5bn in foreign investment
Investments to be used mainly in industrial sector
Iran has approved $5bn-worth of foreign investment plans in the last 10 months.
Speaking on 4 February, Iran’s deputy economy minister, Behrouz Alishiri, says that $2bn of that figure came from investors within Iran. Alishiri also adds that 83 per cent of the foreign investment was for planned projects in the industry sector, 11 per cent in the services sector and four per cent in the agriculture sector.
The planned projects within all these sectors are expected to help create more jobs in Iran, increase the quality of domestic products and also increase non-oil exports. Government data shows that Iran attracted more than $3.7bn in foreign investment in the previous Iranian calendar year, which ended on 20 March 2011.
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