Tehran, Iran, Feb. 1
By Mehdi Sepahvand - Trend:
Iran considers luring in $25 billion worth of foreign investment to spend on the country's development projects, Iranian deputy minister of economy, Mohammad Khazaei, said during a press conference in Tehran.
Khazaei said that Iranian parliament is currently reviewing the 6th Development Plan, a framework for a 5-year perspective of economic performance in Iran between 2016- 2021, under which $25 billion out of the annual $90 billion worth of total investment should be acquired from foreign sources, Trend's correspondent reported from the event.
The deputy minister further added that for prioritizing projects, the government will consider various issues including mega-projects and built-operate-transfer contracts (BOT).
According to the United Nations Conference on Trade and Development (UNCTAD), Iran's annual inward FDI (foreign direct investment ) was $2.408 billion on average during 2005-2007, while this figure for 2011-2014 was $3.523 billion.
Iran's total FDI inward from 1995 to 2011 was a little more than $33 billion, according to the UNCTAD.
One week after the removal of international nuclear program -related sanctions on the Islamic Republic, President Hassan Rouhani arrived in Italy for the first stop of his European tour on Jan. 25 followed by a visit to Paris on Jan 27 inking a draft of business deals.
President Rouhani welcomed foreigners to invest in Iran's untapped market.
