$3b foreign investment approved
The deputy of the Ministry of Economic Affairs and Finance stated that $3 billion foreign investments had been approved by the Foreign Investment Council.
IRINN news network quoted Behrouz Alishiri saying that in the 122nd meeting of the Foreign Investment Council $3 billion for numerous domestic industrial and mines projects was approved.
He added that several requests for increasing license credit lines, boosting investments and transferring profits were reviewed and approved.
The director of the Organization for Investment Economic and Technical Assistance of Iran said that manufacturing units of Iran have good potential for negotiating and bargaining with foreign investors.
"Manufactures in Iran can increase their production and technical competence and attain a greater share of the global market," he said.
The Foreign Investment Council comprises of members from the administration, economic ministry and the private sector.