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Ministry of Industry, Mine and Trade of Iran announces amount of foreign investment

Finance Materials 17 August 2020 08:45 (UTC +04:00)
Ministry of Industry, Mine and Trade of Iran announces amount of foreign investment

BAKU, Azerbaijan, August 17

By Elnur Baghishov – Trend:

It has been approved to invest $417 million to industrial, mining and trade projects in Iran, during 3 months of the current Iranian year (March 20-June 20, 2020), Trend reports citing Ministry of Industry, Mine and Trade.

According to the statistics, the amount of investments decreased by 24.5 percent compared to the same period last Iranian year.

These investments are to be invested into 18 projects in Iran, the statistics said.

According to the statistics, there is a decrease of 21.7 percent in terms of the number of projects in 3 months of current Iranian year compared to the same period last Iranian year.

Year

3 months of the current Iranian year (March 20-June 20, 2020)

3 months of the last Iranian year (March 21-June 21, 2019)

Percentage change

Number

18

23

-21.7

Amount of foreign investment

$417.3 million

$552.8 million

- 24.5

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