Azerbaijan, Baku, Oct.31 / Trend F.Milad/
The director of Iran's National Development Fund has said that the fund would raise assets up to $30 billion by the end of the current Iranian calendar year (ends March 2012).
Rahim Qorbani told the Pana news agency that $3.8 billion has been withdrawn from the fund to support the private sector activities.
The National Development Fund's assets stand at $24.4 billion and at least 20 percent of this sum will be allocated to promoting foreign investment, according to Iran's Finance and Economic Affairs Minister Shamseddin Hosseini.
According to Article 84 of the Fifth Development Plan (2010-2015), the National Development Fund was established to transform oil and gas revenues to productive investment for future generation.
Iran transfers 20 percent of oil revenues to National Development Fund.