Business And Markets

NDFI Manages $139 Billion

NDFI Manages $139 Billion
NDFI Manages $139 Billion

The National Development Fund of Iran, the sovereign wealth fund, manages $139 billion, head of the NDFI Statistics and Planning Department said.  
“Since inception in 2011, the fund has handled assets worth $139 billion,” Mohammad Mehdi Bakhshi was quoted as saying by the fund’s public relations website. 
“The funds were used for different [economic] sectors”.
NDFI is independent of the government and was set up in 2011 to curb dependency on oil exports and save a percentage of the energy export earnings for future generations. 


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