MP: No new construction projects scheduled in Iran for next year
Azerbaijan, Baku, Oct.5 / Trend F.Karimov, S. Isayev
There are no new construction projects scheduled in Iran for the next solar year, member of the Iranian parliament (Majlis), Kamal Alipour told Fars news agency.
He noted that some 20,000 projects across the country are semi-finished.
The Majlis has urged the private sector to cooperate for completing the semi-finished projects, he said.
Head of the Organization for Investment, Economic and Technical Assistance of Iran, Behrouz Alishiri said in July that the volume of foreign investment in the country has witnessed a remarkable growth.
He went on to note that based on the law, if a foreign investor doesn't transfer a part of the agreed amount of money to the country in six months, the issued license will be annulled.
"Iran attracted $4.85 billion in foreign investment in the last Iranian year (ended March 20, 2013)," he underscored.
He noted that the figure hit $2.60 billion and $4.60 billion in 2011 and 2012, respectively.
According to the latest world investment report released by the United Nations Conference on Trade and Development (UNCTAD), Iran absorbed nearly 5 billion dollars worth of foreign investment in 2012, which is 17 percent more than 2011.