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Iran gets most of investment from Spanish businessmen

Business Materials 5 January 2017 15:19 (UTC +04:00)

Baku, Azerbaijan, Jan. 5

By Fatih Karimov – Trend:

Spanish investors stood at the top of the list of foreign investors in Iran during the one year period from Dec. 22, 2015 to Dec. 22, 2016, the Iranian government said in a message.

During the mentioned period, statistics from the Iranian government put the Spanish investors at the top with $3.2 billion worth of investments (one project), followed by Germany ($2.9 billion for 17 projects).

The Iranian administration has authorized $11.8 billion worth of foreign direct investments for 113 projects in total, during the one year period.

Details of approved foreign direct investment by various countries

(Dec. 22, 2015-Dec. 22, 2016)

Country

Number of new projects

Value of approved investment (million USD)

Spain

1

3,200

Germany

17

2,962

Other countries

10

2,108

China

11

895

France

6

389

UAE

12

376

Venezuela

1

333

Iraq

7

254

UK

4

245

Netherlands

2

198

Turkey

6

192

Sri Lanka

1

60

Afghanistan

19

33

India

2

33

Armenia

1

15

Malaysia

1

10

Azerbaijan

3

7

Cyprus

1

6

Barbados Islands

1

3

Ireland

1

2

Kuwait

1

2

Belarus

1

1

Oman

1

1

Total

100

11,802

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