Decline in foreign investment in Iran's industrial, mining and trade sectors
Baku, Azerbaijan, Aug. 21
By Elnur Baghishov – Trend:
Foreign investments in the industrial, mining and trade sectors have declined by 60 percent over the first four months (March 21 – July 22) of the current Iranian year (started March 21, 2019) compared to the same period last year, as stated in the statistics of the Iranian Ministry of Industry, Mine and Trade, Trend reports referring to IRNA.
According to statistics, the Organization for Investment, Economic and Technical Assistance of Iran approved 24 industrial, mining and trade projects worth $554.4 million over three months.
However, the organization did not approve any new projects during the fourth month of the year (June 22 - July 22).
Some 24 projects worth $346.3 million in industry, mining and trade sectors were approved by the organization during the first four months of the previous Iranian year (March 21, 2018 - March 21, 2019).