FDI in Iran rises by 140 percent over 4 years
Azerbaijan, Baku, May 20/ Trend F.Milad/
Iranian finance and economic affairs minister has said that foreign direct investment in Iran has seen a 140 percent growth between 2007 and 2011.
The Mehr News Agency quoted Shamseddin Hosseini as saying that the FDI figure has surged to $4.3 billion from $1.8 billion. Some 18 foreign investment plans, worth around $2 billion, have been approved during the first quarter of the current calendar year, showing 120 percent rise compared to the same period last year, he noted.
Some 8-10 billion worth of foreign investment plans are foreseen to be approved in the current calendar year, which began on March 20, the deputy economy minister stated.
Foreign investment plans in Iran amounted to $4.3 billion in the past calendar year, showing 11 percent growth compared to the year before, Behrouz Alishiri added, the IRNA News Agency reported.
Some 1.1 trillion dollars is needed to be invested during the fifth five-year economic development plan (2010-2015) to materialize the 8-percent growth rate, Alishiri said on February 26.
The domestic sources have the potential to meet around 56 percent of the required sum and the rest should be provided through foreign investment, he noted.
Iran needs up to $300 billion in foreign direct investment to meet objectives of its fifth five-year development plan (2010-2015), and reach 8 percent economic growth rate, Alishiri said.