بانک سینا

Ali Fekri, also Iran’s deputy minister of economy, stated that nearly $4.0 billion of foreign investment was attracted in each year of the administration of President Ebrahim Raisi, who assumed office in August 2021.

He went on to say that Iran’s economic relations with most countries are on a growth trajectory despite the sanctions imposed against the country.

In December 2023, the Ministry of Industry, Mining, and Trade announced that 73 foreign investment projects valued at about $382.4 million were approved in the first six months of the previous Iranian calendar year (March 21-September 22, 2023).

According to the Industry Ministry data, of the total number of investment projects in the mentioned six-month period, 93.8 percent was the share of the industry sector, 2.2 percent was the share of the mining sector, while trade-related projects accounted for four percent of the total figure.

Approved foreign investment includes all applications, including investment to create new projects, purchase of shares of existing companies, as well as foreign investment in the form of contractual arrangements.

Earlier in April 2023, the Iranian government approved a new resolution to facilitate foreign investment in the country.

According to the Investment and Economic and Technical Assistance Organization of Iran, the main purpose of this resolution was to encourage investors from other countries, especially from neighboring countries, to invest in Iran.