60% growth in foreign investment after JCPOA

TEHRAN, Nov. 26 (MNA) – Economic official Hosseini said the volume of foreign investment in Iran has increased by 60 percent since the nuclear deal came into effect in 2016.

Deputy head of Organization for Investment, Economic and Technical Assistance of Iran (OIETAI), Jamal Farajollah Hosseini, made the remark at an international forum on Iran’s economic and investment opportunities on Sunday, adding that the first phase of single-window system for foreign investment has become operational since late September.

Referring to the latest report on the status of investment in the world in 2016 released by the United Nations Conference on Trade and Development (UNCTAD), Hosseini said “according to the report, Iran, with a 60% growth, is ranked the highest among countries in the Middle East in attracting foreign investment.”

He went on to add, “among the 50 countries in the world, the highest growth rate for attracting foreign investment belongs to Iran, which has been achieved as a result of the implementation of the Iran nuclear deal (JCPOA).”

According to Hosseini, the volume of foreign investment in Iran in 2016 was reported at 10 billion dollars.

“Under the Sixth Development Plan, 25 percent of resources needed for the country’s growth should be provided through foreign investment,” he said. “Of this amount, the share of direct foreign investment is $15 billion, the share of participatory approaches is about $20 billion, and the rest should be attracted through finance.”

The forum running from November 25-28 is gathering together 100 foreign companies interested in investment in Iran, along with about 300 Iranian companies to discuss cooperation in areas related to tourism, renewable energies, agriculture, oil, gas and petrochemicals, auto industry, mining and etc.

Representatives from as many as 40 countries including China, Germany, Denmark, Finland, France, Russia, Japan, Serbia, South Korea, Spain, Switzerland, Sweden, UAE, Hong Kong and the United Kingdom are taking part in the event. 


News Code 129737


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