Iranian Board Approves $1.2 Billion of Foreign Investment Projects
TEHRAN (Tasnim) – Iran’s Foreign Investment Board in its latest session approved $1.2 billion worth of projects within the framework of the Foreign Direct Investment (FDI) in various economic sectors.
The 276th session of the Foreign Investment Board was held on Thursday chaired by Deputy Economy Minister and Head of Organization for Investment Economic and Technical Assistance of Iran (OIETAI) and members of the Foreign Investment Board including Plan and Budget Organization (BPO), Ministry of Foreign Affairs, Central Bank of Iran (CBI), Iran’s Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), Iran’s Chamber of Cooperatives and representatives of the concerned organizations.
In this session, dozens of foreign investment projects in various fields, including industries, mines, tourism, transportation, food industries, dried nuts, oil, petrochemical, refinery and agriculture, valued at $1.2 billion, were approved, Mehr news agency reported.
Twenty of the total economic projects will receive investments from China, Turkey, Iraq, India, Afghanistan, and the United Arab Emirates (UAE) and also Iranians living abroad.
They will be implemented in 20 provinces of the country.