Germans are the top foreign investors in Iran's securities market, according to a top Securities and Exchange Organization official.
Investments from Germany make up half the total investments by foreigners, Bahador Bijani, SEO's vice chairman for international and foreign affairs told IRNA.
Foreign investment in Iran is now 2.4 times the amount before the implementation of the nuclear deal between Iran and world powers in January.
The deal limited Iran's nuclear energy program in exchange for sanctions relief. There are 694 foreign investors currently registered with the SEO.
According to Bijani, foreign investors have so far been mainly interested in Iran's basic metals, petrochemical and chemical industries.
Earlier, the Central Securities Depository of Iran managing director Mohammad Reza Mohseni reported that the CSDI issued 61 trading codes for foreigners to trade in the equity market during the first five months of the current Iranian year (March 20-August 21), which showed an 86% rise compared to last year's corresponding period. He added that 24 codes were issued during the fifth month of the current fiscal year (July 22-August 21) alone.
Investors from the US, UK, Spain, Russia, Germany, Sweden, Switzerland, Uzbekistan, China, the Netherlands, India, Turkey, Lebanon, South Africa, Japan, Cyprus, Italy, the UAE, Norway, Greece, Indonesia, Poland, Qatar, Iraq, Pakistan, Syria, Luxemburg, Kuwait, New Zealand, Malaysia, South Korea and Afghanistan have invested a total of $100 million in Iran’s equity market.
Caption: Foreign investment in Iran's securities market is now 2.4 times the amount before the implementation of the nuclear deal between Iran and world powers in January.
