BAKU, Azerbaijan, February 3. Iran has attracted $10.6 billion of foreign investments in 578 projects, from August 23, 2021 to January 20, 2024, said Ali Fekri, the chairman of the Organization for Investment Economic and Technical of Iran, Trend reports.
The chairman stated that the biggest portion of the foreign investment, $4.8 billion, went to the oil and gas sector, where five foreign investors participated.
Fekri also said that the industrial sector also attracted a lot of interest, with $3.7 billion of foreign investment.
According to him, the main sources of foreign investment in Iran were Russia, the UAE, China, Pakistan and India.
He explained that the factors that made Iran appealing to foreign investors were the guarantee of returns and the access to various investment options.
Foreign investors have lost interest in investing in various projects in Iran in recent years. This is because the US left the nuclear deal in 2018 and reimposed sanctions on Iran. The sanctions have affected many sectors of Iran’s economy and have made large companies reluctant to work in Iran. This has caused various problems for Iran’s economy.
Iran is currently trying to attract more foreign companies, aiming for economic development.
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