Iran discloses amount of foreign investments made in its industry, mining sectors
BAKU, Azerbaijan, September 3
By Elnur Baghishov – Trend:
As many as 49 foreign investments worth $850 million were made in the industry and mining sectors of Iran during 5 months of the current Iranian year (March 20-August 21, 2020), Trend reports citing Ministry of Industry, Mine and Trade of Iran.
According to the report, of total investments in Iran, the share of foreign investment accounted for 81.6 percent in terms of volume and 35.4 percent in terms of value.
“Some 60 foreign investments worth $2.4 billion were approved to invest in Iran’s industry and mining sector. These sectors accounted for 26 percent of the total investments that were approved to invest in Iran," the report said.
According to the report, 83.6 percent of foreign investments in 5 months were invested in industry, 6.2 percent in mining and 10.2 percent in trade sectors.
“The most amount of foreign investments was invested in the production of chemicals ($405 million), base metals ($45 million), food and soft drinks ($32 million) and equipment ($26 million),” the report noted.
According to the report, Germany ($341 million), the UAE ($54 million), China ($32 million) and Turkey ($30 million) were the ranks first places in terms of foreign investment.
The most foreign investments in terms of number was invested by Afghanistan (17 units), China (6 units), Turkey (5 units) and India (5 units).
The most foreign investment in terms of value was made in Iran's Sistan and Baluchestan Province (42 percent), Khuzestan Province (38 percent), Tehran Province (8 percent) and East Azerbaijan Province (8 percent).