• 5 February 2018 - 18:06
  • News Code: 81697

Iran has been able to absorb 12 billion dollars foreign investment so far and also some projects are under construction by $17 bn worth of Chinese finance.

Currently some significant projects in Iran are in progress by China's 17 billion dollars finance deals. Moreover, Iran has inked various finance agreements with China and some European countries worth approximately 30 billion dollars and $12 bn out of that has been finalized.

Economists believe that Iran's augmentative trend of absorbing foreign investment on the one hand, and using finance on the other hand, have positive effects on the country's economy. Furthermore, they lead to the removal of credit problems in Iran, citing this message to economic key players that laying right economic rail will bring growth, peace and development path to Iran's economy.

During the first quarter of the current year (based on Persian calendar) 26 projects worth $885.8 mn in total, in the second quarter 36 projects worth 3 thousand and 12 million dollars in total were approved in Iran's Foreign Investment Board.

Also Iran could sign finance deals with Austria's Oberbank, China's CITIC TRUS, Denmark's Danske bank, South Korea's Exim bank, South Korea's Key Shore, Italy's Satche, China's Exim bank and China's Sionshore, valued at about 1 billion euros, $10 bn, 500 million euros 8 billion euros, $5 bn, 4 billion euros, $1.7 bn and $10 bn respectively.

It is worth noting that absorbing foreign investment in 1392 was 1.5 billion dollars, while it increased to 2.1 billion dollars in 1395 and the approved capital volume in the year was $10.4 bn, but the figure for 1392 stood at $1.5 bn.


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