More Than $5 Billion in Foreign Investment Approved

news code : 270323

During its 286th meeting, the Foreign Investment Board approved foreign investment amounting to $5.8 billion. This session was chaired by Abolfazl Kudehi, the Deputy Minister and Head of the Organization for Investment Economic and Technical Assistance of Iran (OIETAI).

The Foreign Investment Committee comprises representatives from the Country's Planning and Budget Organization, the Ministry of Foreign Affairs, the Central Bank of Iran (CBI), the Chamber of Commerce, Industries, and Mines, as well as Iran Agriculture and the Iran Cooperation Chamber, along with delegates from various ministries and institutions.

In this meeting, 83 foreign investment requests were reviewed, with 77 approvals granted to foreign investors.

Investors from a diverse range of countries—including the United Arab Emirates, China, Australia, India, Sweden, Switzerland, Oman, Turkey, Pakistan, Iraq, Afghanistan, and Iranians living abroad—are seeking opportunities in several sectors. These sectors encompass oil and gas, renewable energy, the automobile industry, pharmaceuticals, food production, construction, tourism, electronics, transportation, steel production, services, and agriculture.

The Foreign Investment Board convenes monthly to expedite and facilitate the issuance of foreign investment licenses within the investment organization.