Mahmoud Ahmadinejad's government attracts most foreign direct investments among other Iranian governments

Business Materials 27 June 2013 13:59 (UTC +04:00)

Azerbaijan, Baku, June 27/ Trend, D.Khatinogu/

The total attracted foreign direct investments (FDI) during Mahmoud Ahmadinejad's two term presidency (2005-2013) hit record compared to previous governments, IRNA news agency reported on June 27 citing of the Organization For Investment, Economic & Technical Assistance of Iran(OIETAI) statistics.

According to the report, during Ahmadinejad's presidency, some $24.4 billion of investments have been attracted, while this figure for his predecessors Mohammad Khatami (1997-2005) and Akbar Hashemi Rafsanjani (1989-1997) was respectively $10.452 billion and $350 million.

Official statistics released by OIETAI at the Ministry of Economic Affairs and Finance, indicates that Iran has attracted a total of $35 billion worth of investments from March 1991 to March 2013.

More than 69.5 % of this figure has been attracted during Mahmoud Ahmadinejad's two presidency terms. During the last solar year which started on March 20, 2012, the foreign investments in Iran amounted to $4.850 billion, the highest annual foreign investments value in the history of Iran.

Iran has planed to attract $7 billion of foreign investments for the last solar year and managed to attract about 70 percent of this figure.

Value of foreign investments in Iran for 140 projects from March 2011 to March 2012 was expected to reach $5.3 billion, while $3.64 billion was realized, indicating 68 percent success in plan.

According to the latest statistics released by the United Nations Conference on Trade and Development (UNCTAD), Iran could attract about $4.2 billion worth of foreign direct investment in 2011, while this figure increased by 17 percent in 2012, reaching $4.87 billion.

UNCTAD report brought up the statistics of Iran's direct foreign investments, which increased in 5 recent years.

Iran managed to attract $2 billion worth of foreign direct investments in 2007, $1.90 billion in 2008, $3 billion in 2009, $3.64 billion in 2010, $4.15 billion in 2011, and $4.87 billion in 2012.