2021-July-28 18:10
Politics
2021-June-7  12:58

Iran’s FDI Shows Nearly 190% Growth

TEHRAN (FNA)- Iran’s Foreign Direct Investment (FDI) showed approximately 190% hike in the previous calendar year (ended march 20).

The projects in mining, mineral, trade and industrial sects approved at Investment Board of Foreign Direct Investment (FDI) indicate 189 percent growth last year.

The total volume of FDI projects in mining, mineral and industrial sect approved at the Foreign Investment Board last year registered a 189.1 percent hike as compared to the last year’s corresponding period.

The total value of foreign investment made in Iran’s industrial and mineral projects from March 21, 2019 to March 20, 2020 was $854 million, the value of which increased $2,469 million more in last year.

In a relevant report in early January, Iranian Ministry of Industry, Mine and Trade announced that nearly $1.5 billion of foreign investment had been made in Iran during the first three quarters of the previous year (March 20- December 20, 2020).

The Ministry announced that during the first nine months of the previous year (March 20-December 20), some 129 foreign investments were approved in the country at a value of $ 4.384 billion.

The four countries with the highest amount of investment in the mentioned period were Germany, China, Turkey and the UK, respectively.