Azerbaijan, Baku, Sep.26/ Trend F.Milad/
Foreign investments in Iran have amounted to $6.8 billion in the first half of the current Iranian calendar year, which began on March 20, showing 83 percent rise year on year, the director of the Organization for Investment, Economic and Technical Assistance of Iran said.
The figure is projected to reach $10 billion by the end of the year, the IRIB quoted Behrouz Alishiri as saying on Wednesday.
Foreign investment plans in Iran amounted to $4.3 billion last year, showing a 27 percent growth compared on the year before, Alishiri said on April 2.
Iran needs up to $400 billion in direct foreign investment to materialize its objective of 8 percent economic growth, he added.
Over the next five years, the government will need new sources of capital sourced through the input of national and international private finance, Alishiri said.
He said in October 2011 that the growth of direct foreign investment in Iran ranks amongst the highest in the world. Despite the global economic sanctions, more than 400 foreign companies are now directly investing in Iran.