Tehran, Iran, April 5
By Mehdi Sepahvand - Trend:
Tehran is looking forward to receiving $50 billion worth of investment from various foreign financial institutes in the current Iranian fiscal year (which started March 20).
This amount of finance is the result of negotiations with 15 financial institutes from South Korea, China, Japan, Denmark, Germany, Austria, Italy, Norway, Russia, and Brazil, the Ministry of Economy said, IRIB news agency reported April 5.
So far talks with Russia have led to signing an agreement worth 2 billion euros, the ministry announced.
Over the 10 months to January, the country attracted $11 billion worth of foreign investment.
The volume of foreign investment in the country reached $4.7 billion in 2012 which dropped to $3.1 billion in 2013 and $2.1 billion in 2014 due to sanctions. The sanctions were lifted in 2016 under a landmark nuclear deal between Iran and the world powers.
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