Annual Foreign Investment in Iran Tops $4 bln: Deputy Economy Minister

The value of foreign investment in Iran within the framework of Direct Foreign Investment (FDI) has reached more than $4 billion, the head of the Organization of Investment, Economic and Technical Assistant of Iran (OIETAI) announced.

News ID: ۸۲۹۷۹۴

10 March 2024

EghtesadOnline: Ali Fekri, also Iran’s deputy minister of economy, stated that over $4 billion of foreign investment was attracted in each year of the administration of President Ebrahim Raisi, who assumed office in August 2021.

Turning to Iran’s accession to several major international and regional organizations, he said that Iran’s relations were revitalized with international banks and regional organizations like the Shanghai Cooperation Organization (SCO) and the BRICS group of emerging economies to a great extent in the current administration.

He went on to say that Iran’s economic relations with most countries are on a growth trajectory in spite of the sanctions imposed against the country.

Earlier, the organization announced that Iran’s Foreign Investment Board in its latest session approved $1.2 billion worth of projects within the framework of the FDI in various economic sectors. / Tasnim