IP- At the 278th session of the Foreign Investment Board, foreign investment, costing over $450 million, was approved in different economic fields.

Iran Press/Iran News: In the last meeting of the foreign investment committee in the current Iranian year (from March 20, 2023, until now), 450 million dollars of investment plan in various economic sectors, including industry, medicine, food, construction, tourism, road construction equipment, urban management, services, and agriculture were approved.

According to Shada, these projects are from different countries including China, Turkey, Iraq, India, Afghanistan, United Arab Emirates, Saudi Arabia, Russia, and Pakistan, as well as Iranians residing overseas in oil and gas fields, water, electricity, transportation, communication, construction, industry, agriculture, and mining.

To speed up and facilitate the process of issuing the investment permissions, a meeting of the Foreign Investment Board is held every month in the investment organization, where foreign investment requests are reviewed, approved and their permits are issued.

According to the report, 318 projects, valued at more than $5.5 billion, were approved in 2023, showing a considerable hike compared to a year earlier.

The 278th session of the Foreign Investment Board was held at the Persian Gulf Amphitheater of the Organization for Investment Economic and Technical Assistance of Iran (OIETAI) with the participation of members of the Board including Plan and Budget Organization, Ministry of Foreign Affairs, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA). 204

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