Baku, Azerbaijan, Aug. 12
By Emil Ilgar – Trend:
Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) approves $1.697 billion foreign investments, the organization’s official website reported Aug. 12.
According to the report, the investments would be allocated to 28 projects.
The Iranian government has issued guarantees for a total of about $12 billion in foreign investments in 2016, of which $3.124 was realized, according to official statistics.
The United Nations Conference on Trade and Development’s (UNCTAD) statistics also indicate that Iran attracted $3.372 billion foreign direct investment in 2016, compared to $2.05 billion in 2015.
Following the removal of international sanctions, the Iranian administration is planning to hit an 8-percent economic growth in the post-sanctions era. Iran also made an announcement that the country is seeking to annually lure in up to $50 billion worth of foreign investment.