The Minister of Economy said that foreign investment attraction in the last two years was equal to the previous five years, which is equal to 8 billion and eight hundred million euros.

Iran PressIran News: Iran's Minister of Economy Seyyed Ehsan Khandozi, in a press conference on Tuesday, and in response to the question of Iran Press reporter, said: "The investments are mainly in the areas of infrastructure supply, water, and sewage, various industries, and services.

Khandouzi added: "These investments were mainly funded from Russia, United Arab Emirates, China, Hong Kong, Iraq, India, and Iranians living abroad."

The Minister of Economy emphasized that the incumbent administration's focus has been on economic diplomacy with an emphasis on neighboring countries in order to increase business opportunities.

Furthermore, Khandouzi acknowledged that past shortcomings in which all programs were tied solely to nuclear agreements (JCPOA), limited Iran's ability to take initiative in economic diplomacy.

He added that the President's focus over the past two years has been on activating internal capabilities while engaging with neighboring countries and strategic partners to promote foreign policy openness and economic diplomacy.

While referring to the president's emphasis on activating the capacity of neighboring countries and externalizing the economy, Khandouzi said: "Today, we are witnessing the growth of both diplomacy and the economy."

The government's economic spokesperson also addressed immigration issues within Iran. Legal immigrants can contribute positively to Iran's labor market; however, illegal immigrants pose a threat. The spokesperson urged international bodies to fulfill their commitments towards immigrants in Iran for better organizing goals.

First VP to travel to Kyrgyzstan

Iran's First Vice President, Mohammad Mokhber will travel to Bishkek, Kyrgyzstan for an important meeting of prime ministers from the Shanghai Cooperation Organization (SCO) member states, Iran's economy minister said.

"This meeting holds significance as it marks the first in-person gathering after COVID-19 restrictions. Mokhber is also the highest-ranking Iranian official participating since Iran completed its official membership process within SCO," Ehsan Khandouzi, the Minister of Economy and government's economic spokesman, said in his press conference on Tuesday

"During this meeting, two main agendas will be addressed: finalizing plans for future meetings and formulating SCO's economic development strategy until 2030. Additionally, discussions regarding cooperation with member countries on railway projects will take place on the sidelines of this meeting," added the spokesman.


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