Azerbaijan, Baku, May 12/Trend M. Moezzi
The Iranian Foreign Investment Council has approved $345 million of foreign investments in Iran, Mehr news agency reports.
The projects approved by the Council include the construction of a tourist complex with residential and recreational facilities and a five star hotel along with the projects to produce steel bars, tricot clothing, gas mixtures and laboratory gases and steel ingots.
The Council was established in 1975 and works under the Ministry of Economic Affairs and Finance.