320 projects for Iranian expatriate, foreign investors

Business Materials 3 May 2010 12:44 (UTC +04:00)

Details of 320 projects have been gathered to be presented to Iranian investors residing abroad and foreign investors at a conference which will be held in Shiraz on May 22.

The conference will introduce investment opportunities in different provinces of Iran to foreign-based entrepreneurs, the Islamic Republic of Iran Broadcasting reported on Saturday. 

The director of the Organization for Investment and Technical Assistance of Iran affiliated to the Ministry of Economic Affairs and Finance stated in January that foreign investment in Iran grew by six percent in 2009 year on year despite the global economic downturn.

The Islamic Republic of Iran News Network reported Behrouz Alishiri as saying that although the economic crisis resulted in an average 40 percent decrease in investments in other countries, we were able to sustain the existing growth trend and experience a six percent rise in foreign investments.

According to Press TV, Iran attracted $1.6 billion in direct investments from abroad in 2008 despite a 20 percent decrease in the global flow of direct foreign investment. The 2025 Outlook Plan has set an investment target of $3.7 trillion within two decades, of which $1.3 trillion should be in the form of foreign investment.