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2024/01/30
$1.2bn foreign investment plan approved by Iranian board
During the 10th meeting of the foreign investment board in 1402, a $1.2 billion foreign investment plan was approved for various economic sectors, including industry, mines, tourism, transportation, food and dry fruit industries, oil, petrochemicals, refinery and agriculture. |
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The meeting was chaired by Ali Fekri, Deputy Minister and Head of Organization for Investment Economic and Technical Assistance of Iran.
Members of the foreign investment board included the Plan and Budget Organization (PBO), the Ministry of Foreign Affairs, the Central Bank of Iran (CBI), the Chamber of Commerce, Industries, Mines and Agriculture, the Iran Chamber of Cooperatives [ICC], and representatives of relevant bodies.
Dozens of investment plans were approved in different economic sectors with an investment volume of $1.2 billion during the meeting. The approved projects will be invested in 20 provinces of Iran by investors from China, Turkey, Iraq, India, Afghanistan, United Arab Emirates and Iranians living abroad.
The foreign investment board meets monthly at the Organization for Investment Economic and Technical Assistance to examine requests from foreign investment applicants. After approval is granted, an investment license is issued. |
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