BAKU, Azerbaijan, February 17. Iran’s National Development Fund (NDF) is exploring the possibility of joint investments with the development or wealth funds of Russia, Kazakhstan, Oman and Qatar, Executive Director of the NDF, Mehdi Ghazanfari, said, Trend reports.
Ghazanfari said that the discussions have not yielded any concrete results yet, but they are still in progress.
The director added that the NDF is keen to invest jointly in Iran.
The National Development Fund of Iran (NDF) was founded in 2010 and began operating in 2011. It receives a portion of the revenues from selling Iran’s crude oil, gas, gas condensate and petroleum products. The NDF uses these funds to finance important strategic projects that benefit future generations.
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