$417 million in foreign investment in industry, mining approved

Tehran (IP) - In April, 18 projects worth 417 million and 400,000 dollars have been approved in the industry, mining, and trade sectors with the participation of foreign investors.

Iran PressIran News: An examination of the foreign investment report approved by the Industry, Mining and Trade Sector shows that the largest investment by volume was in five provinces of Sistan and Baluchestan, Tehran, Alborz, Isfahan, and Kurdistan from five countries of Germany, Austria, UAE, China, and Italy.

Of the 18 registered companies, 6 companies with 100% foreign shareholders, 9 companies in partnership with domestic partners (Joint Venture), and three in the form of civil partnerships, buyback, and BOT.

A look at the statistics shows that the volume of investments was in the industrial sector with 14 projects with a volume of 416.2 million dollars (78% share in terms of number), the mining sector with two projects with a volume of 680,000 dollars (11% share in terms of number) and the trade sector with the two projects with $500,000 (11 percent share in terms of numbers).

The largest volume of foreign investment during this period has been made in the groups of manufacturing chemicals and coke products, petroleum products, and nuclear fuels.

Statistics show that Afghanistan has a high share of investment with five projects. Germany, China, the Netherlands, and the United Arab Emirates each came in second, followed by Austria, Italy, Azerbaijan, Turkey, and New Zealand in third place, respectively.

Also, investment in the field of trade has included the plan to create interface software between the employer and the contractor and the production of clothing. 207

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