Sunday, October 1, 2023

$2.5bn Foreign Direct Investment in Iran in Last Month

An official said foreigners have made $2.5 billion of Foreign Direct Investment (FDI) in Iran in the current Iranian month (started May 21).

Board Member of the Iranian National Committee of the International Chamber of Commerce (ICC) Seyed Hossein Salimi made the remarks, estimating that the FDI volume will reach a total of $8bn by the end of the current Iranian calendar year (began March 20).

“Foreign parties have been making visits to the country following the implementation of the Joint Comprehensive Plan of Action (JCPOA),” noted Salimi, adding, “Given that the arrival of foreign investors and direct investment in Iran were subject to the resolution of international disputes, the country has issued licenses for $2.5 billion of FDI only for the current month, while the figure would mark the total amount of annual investment during sanction years.”

“Currently, the number of foreigners, who are eager to negotiate with Iran and seal contracts, has multiplied and they have decided to visit the country since their studies of the Iranian market have yielded results,” underscored the official, asserting, “If the current trend continues, we can look forward to attracting a total Foreign Direct Investment (FDI) of $8bn in the current year.”

Salimi went on to note that the amount of investment marks an unprecedented figure for direct investment in the country.“Therefore, we expect good events to take place in arena of attracting FDI to Iran.”

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