BAKU, Azerbaijan, July 31. Iran’s South Khorasan province, in the north-east of the country, has attracted foreign investments worth $97 million since the current government came to power in Iran in August 2021, Governor of Iran's South Khorasan Province Javad Ghenaat said, Trend reports.
According to Ghenaat, in total, $86.8 million worth of foreign investments have been attracted to the province since the establishment of South Khorasan Province (2004) until the current government took office.
"It means that the amount of foreign investment attracted during the 2-year period of the current government is 11.7 percent more than during the previous 17-year period," he added.
The governor noted that, as a result of foreign investments, operations are carried out within the framework of 15 projects.
The official also pointed out that various foreign investment projects worth about $1.27 billion have been approved in the province for about two years.
Meanwhile, the value of foreign investments attracted to Iran since the current government took office until April 20, 2023, stood at $6.05 billion. As many as 356 projects for this investment have been approved.
Iran considers it appropriate to attract foreign investment in order to solve various economic problems (inflation, liquidity, etc.). However, the sanctions imposed by the US and Western countries against Iran caused investors to show no interest in investing in this country.
---
Follow the author on Twitter:@BaghishovElnur