BAKU, Azerbaijan, April 16. Iran's National Development Fund (NDF) is expected to invest $23 billion in a number of projects during the current Iranian year (from March 21, 2025, through March 20, 2026), Alireza Bani Hashemi, an official of the NDF, told reporters, Trend reports.
According to him, the National Development Fund is expected to invest about $15 billion in oil and gas projects, $3 billion in renewable energies, and $5 billion in steel, petrochemicals, and projects to transport water from the Persian Gulf and the Gulf of Oman to the central part of the country.
The official noted that in the current year, the National Development Fund attaches importance to projects that are scheduled to be put into operation soon.
At the same time, in addition to the oil, gas, petrochemical, and steel production sectors, the country is focused on investing in electricity, mainly renewable energies, in order to reduce the country's energy shortage, especially the electricity shortage.
Bani Hashemi said that investment can be considered within the framework of any project that is granted the necessary license by the Iranian Renewable Energy and Electricity Consumption Organization and submitted to the NDF.
The National Development Fund of Iran participates financially in the implementation of major projects in the country.
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