An administration that came to office in Iran in August on a platform of boosting relations with the outside world says it has approved $1.8 billion worth of foreign investment projects.

EghtesadOnline: Spain, China and Germany have been the leading foreign investors in Iran’s industries and mining sectors since President Hassan Rouhani took office in August 2013 with $3.14 billion, $1.33 billion and $1.1 billion worth of investments respectively, director general of the Ministry of Industries, Mining and Trade’s FDI Office said.

EghtesadOnline: Ever since the government of President Ebrahim Raisi took office in August 2021, Russia has made the biggest volume of investment in Iran, according to deputy economy minister Ali Fekri.