Gov't attracts $11bn foreign investment in post-JCPOA

EghtesadOnline: Since the implementation of Iran historic nuclear deal in 2016, Iran has succeeded to attract over $11bn foreign investments.

News ID: ۷۷۶۲۳۶

15 May 2017

The landmark nuclear agreement officially called the Joint Comprehensive Plan of Action (JCPOA) was signed between Iran and the world six major powers (US, Britain, Russia, France and China plus Germany) in July 2015 and its official implementation started in January 2016, according to IRNA.

Prior to the implementation of the nuclear accord, Iran succeeded to win some $4.7bn of foreign investments in 2012.

The figure was $3.1bn and $2.1bn in 2013 and 2014 respectively.

According to the latest report by Organization for Investment, Economic and Technical Assistance of Iran, almost $12.5bn foreign investments have been authorized in different provinces nationwide during the last Iranian calendar year, ended on March 20, 2017.

Meanwhile, Deputy Minister and President of the Organization for Investment, Economic and Technical Assistance of Iran Mohammad Khazaei announced that over $3.124bn worth of foreign investments has been attracted via banking systems during the last Iranian calendar year.

Khazaei added the implementation of the JCPOA has paved the ground for declining Iranophobia and increasing the presence of foreign investors in the Islamic Republic of Iran.

Armenia, Spain, Afghanistan, Germany, UAE, UK, Ireland, Belarus, Turkey, Barbados, Turkey, Azerbaijan Republic, China, Russia, Sri Lanka, Iraq, Oman, France, Cyprus, Kuwait, Malaysia, the Netherlands, India and Venezuela are among the countries which have made investments in Iran.