TEHRAN, Jan. 31 (MNA) –- Mohammad Khazaii, chairman of Foreign Investment Organization said on Monday that over $4.8b of the foreign investment has been attracted in the first ten months of the current year.

Over 10 percent of volume investment registered in the organization has been fulfilled, he said, adding 80-85 percent of the investments relates to the small ones.


Khazaii explained that two huge projects are being presently finalized in the Majlis, and six other great-volume ones are being implemented, adding, totally 160 projects are forwarded 85 percent of which are being carried out.


He further explained that the foreign investment is being carried out in the sectors of services, mines, auto industry, petrochemical and chemical products as well as foodstuff industries.


The chairman also said that Iran’s current economic structure does not create any serious impediment on the foreign investment, and the country can attract $5b foreign investment per annum, predicting $1.8b of the foreign investment for the Iranian year of 1384 starting March 21, 2005.






News Code 10199

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