Grounds Provided for Foreign Investments in Iran: Speaker

News ID: 1171975 Service: Economy
لاریجانی

TEHRAN (Tasnim) – Iranian Parliament Speaker Ali Larijani highlighted recent influx of foreign investments in the Islamic Republic, saying the grounds are provided for further investments from other countries.

“More than $60 billion have poured (into Iran) from other countries like Russia, which can be used for the prosperity of the country,” Larijani said in a speech in the central city of Golpayegan on Monday.

The country is passing through pretty hard conditions, he said, adding that many development projects have been halted due to lack of investments.

The parliament speaker went on to say that with the help of God, the situation is changing and the grounds for foreign investments have been provided.

Earlier this month, the Iranian deputy minister of industry, mine, and trade said the country has absorbed over $4 billion in foreign investment since President Hassan Rouhani took office in August 2013.

Iran has drawn in $4.1 billion of foreign investment into its different sectors under President Rouhani, Ali Yazdani, said at a meeting in northern Iran on August 15.

He added that over $2 billion of the investment has so far come into operation in the industry sector in the post-sanction era.

Anti-Iran sanctions were lifted after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany), known as the Joint Comprehensive Plan of Action (JCPOA), on July 14, 2015 and started implementing it on January 16.

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