Foreign Demand for Investment in Iran Growing: Minister

TEHRAN (Tasnim) – The Iranian minister of road and urban development highlighted the willingness of world’s major firms for investment in Iran following a lasting nuclear deal between Tehran and world powers.

Foreign Demand for Investment in Iran Growing: Minister

During a conference in Tehran on Saturday, Abbas Akhoundi said industrialized and developed countries from across the world have expressed willingness for presence and investment in Iran in various fields, including aviation industry, railways, and high-speed trains.

He added the increase in demand for contributing to the Islamic Republic’s projects shows that the grounds have been set for more business interaction between Tehran and other countries after the removal of anti-Iran sanctions.

This will attract more funds from foreign firms, Akhoundi further said.

There has been growing international interest in trade ties with Iran and investment in the country since Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 finalized a comprehensive deal on Tehran’s nuclear program and implemented it on January 16.

The comprehensive nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions on Iran after coming into force.

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