Baku, Azerbaijan, Dec. 11
By Fatih Karimov – Trend:
The Iranian administration has authorized direct foreign investments worth 122.3 million euros for 19 projects, Mehr news agency reported Dec. 11.
The country’s Foreign Investment Council has approved foreign investments for the aforementioned projects including 8 new projects during its latest session, according to the report.
Earlier Hossein Salimi, a member of the Iranian Committee of International Chamber of Commerce, forecast that Iran is expected to receive some $8 billion worth of direct foreign investment by March 2017.
According to the United Nations Conference on Trade and Development (UNCTAD), Iran’s annual inward FDI (foreign direct investment) was $2.408 billion on average during 2005-2007, while this figure for 2011-2014 was $3.523 billion.
Iran’s total inward FDI from 1995 to 2011 was a little over $33 billion, according to the UNCTAD.