18 June 2017 - 14:36

Foreign Investment Growing in Iran

A senior trade official announced that the volume of foreign investments in Iran has considerably increased.
News ID : 71196
سرمایه گذاری

"A recent report shows that the volume of foreign investment in Iran has increased by over 64 percent," Head of Iran's Investment Organization Mohammad Khazayee said on Wednesday.



He also said that the approvals for investment and issuing guarantees have also increased by over 100 percent.



In a relevant development on Sunday, the United Nations Conference on Trade and Development (UNCTAD) in a recent report announced that Iran has attracted over $3.3 billion of foreign investments.



"Iran attracted $3.37 billion in 2016," the UNCTAD said in its latest report released in June 2017.



The UNCTAD said that the foreign investment in Iran witnesses a 64 percent growth as compared with the previous year.



UNCTAD is a permanent intergovernmental body established by the United Nations General Assembly in 1964. Its headquarters are located in Geneva, Switzerland, and it has offices in New York and Addis Ababa.



UNCTAD is part of the UN Secretariat. It reports to the UN General Assembly and the Economic and Social Council but has its own membership, leadership, and budget. It is also part of the United Nations Development Group.



The Division on Investment and Enterprise of UNCTAD serves as the focal point for all matters related to foreign direct investment and multinational enterprises in the United Nations System. It builds on more than four decades of experience and international expertise in research and policy analysis on investment and enterprise development, fosters intergovernmental consensus-building, and provides technical assistance to over 150 countries.


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