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Volume of foreign investments made to Iran's industrial, mining and trade sectors declared

Finance Materials 19 October 2020 00:30 (UTC +04:00)
Volume of foreign investments made to Iran's industrial, mining and trade sectors declared

BAKU, Azerbaijan, Oct. 18

By Elnur Baghishov – Trend:

It was approved to invest $850 million worth of foreign investments to industrial, mining and trade sectors in Iran during the first six months of the current Iranian year (March 20-September 21, 2020), Trend reports citing Ministry of Industry, Mine and Trade of Iran.

According to the report, the making of foreign investments to these sectors increased by 11.5 percent in terms of value compared to the same period last Iranian year.

"However, the making of foreign investments decreased by 2 percent in terms of number. Thus, 49 projects related to foreign investment were approved to implement in the first six months of current Iranian year," the report noted.

In total, $3.8 billion worth of foreign investments were made in first six months of current Iranian year. And this figure will be reached to $6 billion by the end of the current Iranian year (March 21, 2021).

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