Iran approves over $700m in foreign investment
During Iran Economic and Investment Opportunities Forum (IEIO 2017), which is scheduled for November 2528 in Tehran, Iran will present investment opportunities valued at over $35 billion to foreign investors, said the event’s executive secretary.
“Companies from China, Germany, Denmark, Finland, France, Russia, Japan, Serbia, South Korea, Spain, Switzerland, Sweden, the United Arab Emirates, Hong Kong, India, and Saudi Arabia active in various fields including tourism, clean energy, agriculture, oil, gas, petrochemicals and auto industry are to take part in the forum,” Amirreza Hassani said.
The event, he noted, is to be held in cooperation with World Federation of Free and Special Economic Zones (FEMOZA), United Nations Industrial Development Organization (UNIDO), United Nations Conference on Trade and Development (UNCTAD), the World Bank, European Investment Bank, Asian Development Bank (ADB), and World Association of Investment Promotion Agencies (WAIPA).
Last week, deputy minister of industry, mine and trade announced that Iran is seeking $50 billion in investment for its mining industries out to 2022 and has signed agreements with several European and Asian banks in the past few months.
“We are in need of $50 billion for investment in the mining and mining industries of Iran,” Mehdi Karbasian told Reuters, speaking on the sidelines of the Imarc mining conference in Melbourne.
“In the past two months, we have had agreements with South Korea, Austria, Denmark and it’s on the way for other countries like Germany,” Karbasian added.