BAKU, Azerbaijan, April 21. During a meeting of the Foreign Investment Committee of Iran on April 20, 80 applications for foreign investments totaling around $7 billion were approved, Trend reports, citing the Iranian Ministry of Economic Affairs and Finance.
The meeting was held with the participation of Abolfazl Kudehi, head of the Organization for Investment Economic and Technical Assistance of Iran (OIETAI), along with members of the Foreign Investment Committee, representatives from various ministries, and officials from relevant organizations.
The investments will be directed toward several sectors, including industry, renewable energy, chemical and polymer product manufacturing, automobile production, healthcare and pharmaceuticals, food products, housing, tourism, transport and logistics, and agriculture.
Investments are expected from a variety of countries, including Oman, Germany, Canada, India, China, Russia, Türkiye, the UAE, Azerbaijan, Iraq, Pakistan, and Afghanistan.
To simplify and accelerate foreign investment, meetings of the Foreign Investment Committee are held monthly at Iran’s Investment, Economic, and Technical Assistance Organization.
While the meeting addressed the foreign investment applications, the specific countries involved were not disclosed.
