Baku, Azerbaijan, Dec. 24
By Fatih Karimov – Trend:
The Iranian administration has authorized $9 billion in foreign direct investment during the first nine months of current fiscal year(started March 20, 2016), Ahmad Jamali, director general of the Foreign Investment Office at the Organization for Investment, Economic and Technical Assistance of Iran, said.
He said that almost 10 percent of the aforementioned figure will be attracted by March 2017, Fars news agency reported Dec. 24.
Traditionally investors from Germany, Italy and France are interested to finance projects in Iran, he said, adding that investors from Turkey, Iraq, China, Spain and the UAE also have expressed willingness to make investment in the country which is a new trend.
Foreign investors are mainly interested in renewable energy projects, Jamali said.
Iran’s gives priority for attracting foreign direct investment in power, service, industry and agriculture sector projects, he added.
According to the United Nations Conference on Trade and Development (UNCTAD), Iran's annual inward FDI (foreign direct investment) was $2.408 billion on average during 2005-2007, while this figure for 2011-2014 was $3.523 billion.
Iran's total FDI inward from 1995 to 2011 was a little over $33 billion, according to the UNCTAD.