Iran’s National Development Fund to increase assets up to $50 billion
Azerbaijan, Baku, Feb. 12/ Trend F.Milad/
Assets of Iran's National Development Fund will increase up to $50 billion in the next calendar year, which starts on March 21, 2012, Fars news agency quotes the Fund's board member Mahmoud Dodangeh, as saying.
He said the Fund's assets are currently around $30 billion. Some $13.5 billion has been allocated by the Fund to economic investment plans so far, he said, adding that developing investments in oil and gas sector is the highest priority.
Finance and economic affairs minister Shamseddin Hosseini said in November 2011 that at least 20 percent of the Fund's assets will be allocated to promoting foreign investment.