The National Development Fund of Iran (NDFI) board of trustees approved a $32.7 billion fund to be invested towards development of infrastructure projects in eight key sectors, IRNA reported. NDFI’s priority sectors for investment during the current Iranian calendar year (started March 20) include $5.4 billion in the water sector, $10 billion in oil and gas, $6.2 billion in petrochemicals and oil refineries, $1 billion in agriculture, water treatment and distribution, $2.6 billion in railway projects, $3.3 billion in power plants and $3.2 billion in the steel sector. It will also allocate an equivalent of $1 billion in national currency to the mine and industries, tourism, agriculture and water productivity sectors.
