Foreign Investment in Iran Up 26%

Date: 02 December 2019 - 21:40

News ID: ۷۳۴۳۱

TEHRAN (Dispatches) – Iran’s Ministry of Industry, Mine and Trade has  said that a total sum of $784.6 million foreign finance invested in 55 projects in Iran in the past 7 months, which adds that it is a 26.1 percent jump in comparison with figures from corresponding period in the last year.
Statistics of the Ministry of Industry, Mine and Trade indicate that $784.6 million worth of Foreign Direct Investment (FDI) was approved for 55 industrial, mineral and trade projects in the seven months of the current Iranian calendar year (from March 21 to Oct. 22), showing a 26.1 percent growth as compared to the last year’s corresponding period.
In the same direction, $622.3 million worth of Foreign Direct Investment (FDI) was approved for 43 mineral and industrial projects in the seven months of the last Iranian calendar year (from March 21 to Oct. 22, 2018), showing a 27.9 percent growth as compared to the same period of last year.
Meanwhile, $762.6 million worth of Foreign Direct Investment (FDI) was approved in mineral and industrial projects in the first six months of the current year (from March 21 to Sept. 22).
The statistics showed that $22 million worth of FDI was approved in Iranian month of Mehr (Sept. 21 – Oct. 22).
Late in July, the ministry had announced that the country had managed to record nearly a double increase in foreign direct investment (FDI) in the second quarter of the year.
The Ministry of Industry, Mine and Trade reported that the value of approved FDI projects in the two sectors had increased by 89.8 percent between Late March and late June compared to the previous three-month period in 2018.