Mohammad Baqer Nobakht
Mohammad Baqer Nobakht

Foreign Investment in Iran Sees Tenfold Rise Post JCPOA

Foreign Investment in Iran Sees Tenfold Rise Post JCPOA

Foreign investment in Iran has seen a tenfold increase following the 2015 nuclear deal reached between Iran and six world powers, the government spokesman said.
Addressing a news conference late on Saturday, Mohammad Baqer Nobakht said over $13 billion of foreign investment were made in Iran last year (March 2016-17), IRNA reported.
Director General of Industries Ministry’s Foreign Investment Office Afrouz Bahrami said Iran attracted $24.95 billion in foreign investments during Sept. 2013-17, adding that the figure accounts for less than 2% of all FDI made worldwide during the period.
Germany, China, Turkey, Austria, the UAE and France were the biggest investors in Iran during the four-year period.
The most attractive industries for foreign investors in Iran were polymer and chemicals, steel, trade, motor vehicles, mining, plastic and medical devices.
Alborz, Tehran, Khorasan Razavi, Fars, West Azarbaijan, Kerman, Zanjan and Qazvin were the most attractive Iranian provinces for foreign investments during the period.
As per the Sixth Five-Year Development Plan (2017-22), the government needs to attract at least $50 billion annually in foreign investment (direct, finance or joint investment) plus 5,800 trillion rials ($145 billion) in domestic investment to achieve an 8% economic growth.
According to Nobakht, domestic investment has seen a 7% rise under the government of President Hassan Rouhani.


Short URL : https://goo.gl/VWosRS
  1. https://goo.gl/uceaAx
  • https://goo.gl/SbjnZZ
  • https://goo.gl/XcPAXq
  • https://goo.gl/xQoVWE
  • https://goo.gl/tR6UMQ

You can also read ...

The central bank officials of Iran and Oman convened in Tehran on March 17.
A host of high-level officials of the Central Bank of Iran on...
No Telegram  Crypto for Iranians
Telegram has announced that Iranian citizens will not be...
Foreign Exchange Deposit Regulations Updated
The latest update of regulations concerning foreign currency...
Volkswagen Assigns $25b in Battery Orders
Volkswagen has picked partners to provide battery cells and...
Toyota Land Cruiser for Iranian Police Fleet
To renovate police cars in Iran ahead of Norouz (Iranian New...
Tehran fell by two places in this year’s ranking to 121st most expensive city in the world, narrowly avoiding the bottom 10.
Tehran is among the least expensive cities in the world to...
Steel production stood at 38.12 million tons, registering a 14% rise YOY.
Iranian steelmakers exported 7.41 million tons of their...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...

Add new comment

Read our comment policy before posting your viewpoints