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Iran's Industry ministry reveals number of foreign investment projects

Business Materials 30 April 2020 12:43 (UTC +04:00)
Iran's Industry ministry reveals  number of foreign investment projects

BAKU, Azerbaijan, April 30

By Elnur Baghishov - Trend

Eighty-two foreign investment projects were approved in the industrial, mining and trade sectors of Iran in the last Iranian year (from March 21, 2019 through March 20, 2020), Trend reports citing Iran's Ministry of Industry, Mine and Trade.

According to the report, 83 foreign investment projects were approved in the preceding year (from March 21, 2018 to March 21, 2019).

“The value of foreign investments during the reporting period amounted to $854.7 million, while the amount of the approved projects stood at $1.1 billion the year before last,” the report said.

According to report, investment projects decreased by 1.2 percent in term of number and 22.5 percent in term of value.

The figures in the table below are shown in millions of US dollars.

Year

The last Iranian year (from March 21, 2019 to March 20, 2020)

The preceding Iranian year (from March 21, 2018 to March 21, 2019)

Percentage change

Number

82

83

-1.2

Value of foreign investment

854.7

1102.6

-22.5

The report also reflects Iran's foreign trade last Iranian year.

The figures in the table below are shown in millions of US dollars and in 1,000 tons.

The last Iranian year (from March 21, 2019 to March 20, 2020)

The preceding Iranian year (from March 21, 2018 to March 21, 2019)

Percentage change

Weight

Value

Weight

Value

Weight

Value

Import

35364

43735

32046

42612

10.4

2.6

Export

134018

41370

117228

44310

14.3

-6.6

Total foreign trade

169382

85105

149274

86922

-

-

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