BAKU, Azerbaijan, June 17. The amount of foreign investments attracted in Iran from the current government of Iran took office (August 2021) to April 20, 2023, increased by 84.3 percent compared to the first similar period of the previous government (August 3, 2017 through April 20, 2019), Trend reports.
Overall, $6.05 billion worth of foreign investments have been attracted in Iran within the mentioned period, and 356 investment projects were approved in this regard.
Also, 401 projects for attracting $10.7 billion of foreign investments were approved in Iran during the reporting period. However, 45 projects were canceled due to lack of investment.
Some 11.3 percent of attracted foreign investments were in Iran’s energy sector, 0.1 percent in transport and communication sector, 50.6 percent in service sector, 2 percent in construction sector, 32.3 percent in industrial sector, 3.2 percent in agricultural sector and 0.3 percent in mining sector.
Iran mainly attracted foreign investments from 6 countries, including Russia worth $2.76 billion, the UAE worth $701 million, Afghanistan worth $300 million, Türkiye worth $271 million, Iraq worth $234 million and China worth$173 million.
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.
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