Publish Date: 16 October 2007 - 18:16

TEHRAN, Oct. 16 (MNA) – The head of Organization for Investment, Economic, and Technical Assistance of Iran (OIETAI) here Tuesday announced that foreign direct investment (FDI) in the country rose to 901 million dollars in 2006, up 300 percent from 2004.

 

Behruz Alishiri talking to reporters elaborated on the World Investment Report 2007 the UN Conference on Trade and Development (UNCTAD) released on global changes in investment on Oct. 16.

 

As per the UNCTAD report, FDI inflows to Iran were 282 million dollars in 2004, $360m in 2005, and $901m in 2006, Alishiri said.

 

He pointed to appropriate reorganization of FDI statistics as a top priority for OIETAI and Central Bank of Iran (CBI).

 

The World Investment Report 2007 is published yesterday by UNCTAD.

 

Transnational corporations in extractive industries is the topic of the report.

 

The role of transnational corporations (TNCs) in extractive industries is attracting renewed attention, partly as a result of rising commodity prices and increased demand from emerging economies.

 

This year, the World Investment Report examines TNCs’ activities in extractive industries and their development implications, and explores policy options aimed at ensuring tangible and long-term gains for growth and development in developing countries.

 

As usual, the first part of the report reviews recent developments in global and regional FDI trends.

 

NG/KK

END

MNA