$28.5bn investment poured into Iran projects since Aug.

TEHRAN, Dec. 23 (MNA) – A total of $28.5 billion foreign investment has been poured into Iran’s projects during the first 100 days of Pres. Rouhani’s second term, Director General for Economic and Financial Affairs of Qazvin province said Saturday.

Director General for Economic and Financial Affairs of Qazvin province, Mohammad Ali Ghasemi, told Mehr News correspondent on Saturday that 28.5-billion-dollar worth of foreign investment has been poured into various domestic projects during the first one-hundred days of President Rouhani’s second term in office, following the return of the country to the international economic system.

According to reports issued by the Organization for Investment, Economic and Technical Assistance of Iran, a total of 57 new projects with a capital volume of over 5.393 billion dollars have been approved since August, he added.

“$228 million has also been approved to boost investment in existing projects, which amounts to $5.621 billion in total,” he added.

According to Ghasemi, more than $23.1 billion worth of finance contracts have been finalized and are ready to be received by public and private sectors in cooperation with international financial institutions.

“The capital used in those projects that were canceled during this time due to technical issues has been deducted from the volume of the absorbed investment,” he clarified.

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