Economy, Sci & Tech

$1.19b Earmarked for Investment in Tech Firms

$1.19b Earmarked for Investment in Tech Firms$1.19b Earmarked for Investment in Tech Firms

In the current Iranian year which started in March, Iranian financial institutions have set aside about 50 trillion rials ($1.19 billion) to be invested in knowledge-based firms.  
According to the investment deputy at the Vice Presidential Office for Science and Technology, with the support of President Hassan Rouhani’s government, “as of March 2014, 120 trillion rials ($2.85 billion) have been invested in this sector by Iranian financial institutions.”
Alireza Daliri further says, “Gaining financial support has always been one of the foremost concerns of knowledge-based companies. In the ongoing year, about 40 to 50 trillion rials [$952 million to $1.19 billion] have been earmarked to be invested in these firms,” CITNA reported.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment