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Foreign investments in Iran decline - UNCTAD

Business Materials 28 June 2021 13:32 (UTC +04:00)
Foreign investments in Iran decline - UNCTAD

TEHRAN, Iran, June.28

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The United Nations Conference on Trade and Development (UNCTAD) recent report in 2021 about the global investment situation indicates Iran has attracted $1.3 billion foreign investment in 2020.

The report indicates Iran's foreign investment attraction has declined 11 percent compared to 2019, Trend reports citing Mehr News Agency.

The UNCTAD evaluations show that Iran had a weaker approach in attracting foreign investment compared to regional countries. While the UAE was the top regional country in attracting foreign investments in 2020 Iran attracted $1.3 billion.

The report has noted that the global flows of foreign direct investment (FDI) will be under severe pressure this year as a result of the COVID-19 pandemic. Flows to developing countries will be hit especially hard, as export-oriented and commodity-linked investments are among the most seriously affected.

The decline of foreign direct investment (FDI) in 2021 has ended and some regions had a 10 to 15 percent increase however the FDI would be 25 percent less than 2019.

China has overtaken the US as the world's top destination for new foreign direct investment, according to the report. Global foreign direct investment (FDI) dropped dramatically in 2020, falling by 42 percent.

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