The big picture:
The recent approvals underscore Iran's efforts to attract foreign capital despite ongoing sanctions and regional uncertainty. By diversifying investments across various sectors and engaging with partners from Asia, Europe, and West Asia, Tehran aims to strengthen economic resilience and expand international partnerships.
What has happened:
The meeting, chaired by Mehdi Heidari, acting head of the Organization for Investment, Economic & Technical Assistance of Iran, took place in Tabriz.
Out of 73 proposals reviewed, 67 were approved, covering a broad range of industries including manufacturing, refinery construction, renewable energy, automotive, mining, pharmaceuticals, healthcare, transportation, and services.
By the numbers:
$485 million: Total value of approved projects.
Countries Involved: UAE, China, Germany, Turkey, India, Georgia, Afghanistan, Pakistan, along with Iranians living abroad.
What they’re saying:
Board members visited successful foreign investment projects in East Azerbaijan Province and met directly with investors. They committed to addressing raised challenges and providing solutions to facilitate smoother operations.
Go deeper:
Iran Approves Investment to Boost Oil Output by 250,000 Barrels a Day
Hossein Amiri - Hossein Vaez
