SAEDNEWS: An administration that came to office in Iran in August on a platform of boosting relations with the outside world says it has approved $1.8 billion worth of foreign investment projects.
According to SAEDNEWS, Since taking office in August, Iran's new administration has made a significant move to strengthen its international relations. The government recently announced the approval of $1.8 billion in foreign investment projects.
According to Iran’s Ministry of Economic Affairs and Finance, 182 foreign investment projects have been officially approved through its subsidiary, the Organization for Investment Economic and Technical Assistance of Iran (OIETAI).
These approved projects span various sectors, including oil and gas, renewable energy, car manufacturing, pharmaceuticals, food production, construction, tourism, transportation, services, and agriculture.
During a recent OIETAI meeting on Sunday, the organization revealed that it approved applications from investors hailing from 16 different countries, including five European nations, as well as Iranians living abroad. The latest batch of projects alone is valued at $500 million.
The organization has also committed to holding monthly meetings to continue discussions on future foreign investment opportunities.
This announcement aligns with the Iranian government's ongoing efforts to attract investors from both the region and beyond, despite facing challenges from sanctions that limit the country's ability to access foreign investment and technology.
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