Iran accepts investment plans worth $2.6B
Tehran, Iran, March 15
By Mehdi Sepahvand - Trend:
Iran's Foreign Investment Board has passed 14 plans worth $2.6 billion, according to Head of Organization for Foreign Investment, Economic and Technical Assistance of Iran Mohammad Khazaei.
The official said the plans involved electricity production, car making sphere, mine sector, and industries, Mehr news agency reported March 15.
"With the mentioned plans included, the total plans passed during the current Iranian fiscal year (to endMarch 19) will amount to $7 billion," Khazaei said.
Valiollah Seif, the governor of the Central Bank of Iran, on March 8 called on European investors, bankers and financial institutions to reap benefits from Iran's untapped market in post-sanctions era.
Due to international sanctions Iranian financial markets have been isolated from the world capital markets.
Over the past decade, in a bid to curb Iran's nuclear program, the international community took measures against Tehran, including restrictions imposed on the country's financial system, as well as industry, which had a catastrophic impact on Iranians and their living conditions.