Iran's sovereign-wealth fund has approved the investment of 196 trillion rials ($4.6 billion) for water and agriculture ventures in the current fiscal year (started March 21).
The latest report published by the National Development Fund of Iran indicates that of the total parliamentary allocation of $13 billion in the current fiscal year for water and agriculture sectors through the fund, over $4.6 billion have so far been allocated to such ventures, IRNA reported.
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