TEHRAN (Iran News) – Foreign Direct Investment recorded that Iran FDI has reached to about 32 percent growth in the industrial sector in the first six months of the current year (from March 21 to Sept. 22). According to the statistics of the Ministry of Industry, Mine and Trade, about $762,600,000 worth of Foreign Direct […]
TEHRAN (Iran News) – Foreign Direct Investment recorded that Iran FDI has reached to about 32 percent growth in the industrial sector in the first six months of the current year (from March 21 to Sept. 22).
According to the statistics of the Ministry of Industry, Mine and Trade, about $762,600,000 worth of Foreign Direct Investment (FDI) were approved in industrial, mineral and trade projects in the first half of the current year, showing a 31.9 percent hike as compared to the same period of last year.
This huge volume of foreign investment was made in 50 mineral and industrial projects, registering a considerable 56.3 percent growth in terms of a number of projects as compared to the last year’s corresponding period.
About 32 industrial, mineral and trade projects, valued at $578 million, was approved in Foreign Investment Board in the first six months of the previous Iranian calendar year (from March 21 to Sept. 22, 2018).
Statistics indicate that $618,700,000 worth of Foreign Direct Investment (FDI) has been approved in industrial, mineral and trade projects in the first five months of the current year (from March 21 to August 22), showing a seven percent hike as compared to the same period of last year.
Foreign direct investment in Iran (FDI) has been hindered by unfavorable or complex operating requirements and by international sanctions, although in the early 2000s the Iranian government liberalized investment regulations. Iran ranks 62nd in the World Economic Forum’s 2011 analysis of the global competitiveness of 142 countries. In 2010, Iran ranked sixth globally in attracting foreign investments.
Foreign investors have concentrated their activity in a few sectors of the economy: the oil and gas industries, vehicle manufacture, copper mining, petrochemicals, foods, and pharmaceuticals. Iran absorbed US$24.3 billion of foreign investment from 1993 to 2007 and US$34.6 billion for 485 projects from 1992 to 2009.
- source : MNA, Irannews
