Tehran, Iran, May 6
By Mehdi Sepahvand - Trend:
Iran is mulling over the attraction of $250 billion investment according to a plan that will kick off next March, said Iranian Mines & Mining Industries Development & Renovation (IMIDRO) Chairman Mehdi Karbasian.
The investments will cover various areas including oil, gas, infrastructure, industries, and mining, he told the third Iran-Europe Forum in Zurich, Shana news agency reported May 6.
Providing more details, he said Iran has extensive plans for developing mines and industries which will need $40 billion fund.
Exploration as the first link in the mining chain is especially considered, where 250 thousand square meters of area have been defined to be explored in Iran, he said.
The third Iran-Europe Forum is underway with 400 businessmen, bankers, and insurance companies.
On the same day, government spokesman Mohammad Baqer Nobakht said the Iranian government has authorized worth $3.418 billion investment since the country was freed from sanctions in January.
On February 1, Iranian Deputy Minister of Economy Mohammad Khazaei said Tehran considers luring in $25 billion foreign investment for development projects.