Iran welcomes Chinese investors
Tehran welcomes Chinese investors in Iranian projects, Iranian Finance and Economic Affairs Minister Seyyed Shamseddin Hosseini said on Thursday.
Talking on the sidelines of "Iran's day" in the 2nd World Investment Forum of the United Nations Conference on Trade and Development (UNCTAD) in Xiamen, China Hosseini said that, "Iran is ready to cooperate with Chinese firms to carry out projects in various different fields such as energy and transportation."
Iran ranks sixth in the world based on inward Foreign Direct Investment (FDI) performance, the latest report released by a UN agency shows.
New data released by UNCTAD show that Iran attracted more than three billion dollars of direct investment from abroad in 2009, which is twice the amount of the previous year, Press TV reported.
This is despite the fact that global FDI inflows dropped during 2009 as compared to the previous year.
The UNCTAD ranking is for the year 2009, the most recent year available, and examines the economies of 141 economies.
The Inward FDI Performance Index displays a country's relative success in attracting global FDI.
Some of the greatest minds and movers in the field of investment assembled at UNCTAD's World Investment Forum 2010 (WIF 2010) to discuss how to promote sustainable investment and development in this phase of globalization and take advantage of opportunities that could arise across the globe.
More than 1,000 people from 90 countries are expected to attend WIF 2010 including investors and representatives of governments, businesses, international organizations, investment promotion agencies, and civil society.
The World Investment Forum is a biennial event. The forum closed on September 9.
Established in 1964, UNCTAD promotes the integration of developing countries into the world economy. UNCTAD has progressively evolved into an authoritative knowledge-based institution whose work aims to help shape current policy debates and thinking on development, with a particular focus on ensuring that domestic policies and international action are mutually supportive in bringing about sustainable development.