Feb 05 2012 |
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Foreign investment up by 100%
Foreign investment grew by 100 percent in the current Iranian year (to end March 19) compared to the figure for the previous year, announced head of the Investment, Economic and Technical Assistance Organization on Saturday.Speaking in a press conference, Behrouz Alishiri noted some $2 billion and $5 billion in foreign investment have been absorbed and approved respectively since the beginning of the current year, IRNA reported.
He noted that 83 percent of approved projects and 50 percent of total absorbed foreign investments pertain to the industrial sector.
The official said that the private and state-run sectors of Iran concluded some $8.9 billion of finance accords with foreign investors, of which 23 contracts worth $6.9 billion pertain to the private sector.
Alishiri stated that 58 percent of the foreign financial resources were made available to oil, gas and petrochemical sectors, 19 percent to industry and mine sectors, 15 percent to transport sector and 8 percent to electricity and gas sectors.
"On the directive of President Mahmoud Ahmadinejad, a committee comprising of the representatives from Economy and Finance Ministry, Central Bank of Iran and Presidential Office's Department for Planning Strategic Supervision was been established to absorb foreign investments," he said.
The official noted that Islamic Development Bank (IDB) extended some $80 million for investment projects, adding some $1.7 billion of projects have been introduced to IDB in this respect.
A major international conference on introducing Iranian investment opportunities, attended by 200 foreign investors, was held in Tehran in the current year, he recalled, adding that three international confabs were also organized in the provinces of Alborz, East Azarbaijan and North Khorasan.
"Three foreign conferences have been held in overseas countries in this respect," he said.
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