Economy, Business And Markets

Iran Attracts $5b of Foreign Investments in 2017-18

$5b of Foreign Investments in 2017-18$5b of Foreign Investments in 2017-18

The volume of foreign investments attracted during the previous fiscal year (ended March 20, 2018) registered a notable increase compared with the previous year, the head of the Organization for Investment, Economic and Technical Assistance of Iran said.
"Based on reports gathered from related entities, including the Central Bank of Iran, customs administration, the Oil Ministry, bourse and free zones, foreign funds attracted during the fiscal 2017-18 amounted to about $5 billion," Mohammad Khazaei also told Fars News website.
As the official announced, plans and projects approved to receive finance by the specialized government council, which was formed to ratify foreign finance projects, totaled 190 with an approved investment volume of $10.6 billion.
The number of projects was higher by 25% year-on-year.


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