Some $38 billion in foreign investment was approved in the country of which $6 billion has been absorbed, said the deputy economics and finance minister.
Behrouz Alishiri stated on Sunday during an inspection of two foreign-invested projects in Arak that the grounds for investment by the private and foreign sectors have been created and by removing red tape and other hindrances the foundations for further investments in the country should be laid, the Mehr News Agency reported.
He added that tourism and services were two fields in Iran which had great potential for domestic and foreign investments, adding that 80 percent of the investments made were in the industry and mines sectors.
A competitive environment is needed to attract foreign investments," Alishiri said.