Sunday22 December 2024
Date 2011/02/26         Hour 18:40:35     News Group Economics and Business in Iran

OIETAI Managing Director Behrouz Alishiri said on Friday that there has been considerable growth in foreign direct investment in Iran during the current Iranian calendar year (began on March 21, 2010) and predicted that it will exceed $4 billion in the near future, the Mehr news agency reported.
Image
The official noted that the Islamic Republic is ranked sixth in the world in attracting foreign investment, adding that since March 21, 2010, the level of foreign direct investment in Iranian projects has surpassed $2.7 billion.

Alishiri also said that over 800 foreign investment projects have been registered on the website for Iranian investment opportunities.

In December 2010, Iranian Economy Minister Shamseddin Hosseini said that the Islamic Republic had made a 95 percent leap in foreign investment and attributed the rise to Iran's overall security and abundant investment opportunities.

The economy minister stated that some special committees have been set up to provide information about economic opportunities across the country.

The higher inflow of cash comes in the face of Western efforts, spearheaded by the United States, to increase the restrictions on Iran's economy.

In June 2010, the UN Security Council adopted a US-engineered resolution imposing a fourth round of sanctions on Iran.