TEHRAN, June 12, YJC - The United Nations Conference on Trade and Development (UNCTAD) in a recent report announced that Iran has attracted over $3.3 billion of foreign investments.
TEHRAN, Young Journalists Club (YJC) -
"Iran attracted $3.37 billion in 2016," the UNCTAD said in its latest report released in June 2017.
The UNCTAD said that the foreign investment in Iran witnesses a 64 percent growth as compared with the previous year.
UNCTAD is a permanent intergovernmental body established by the United Nations General Assembly in 1964. Its headquarters are located in Geneva, Switzerland, and it has offices in New York and Addis Ababa.
UNCTAD is part of the UN Secretariat. It reports to the UN General Assembly and the Economic and Social Council but has its own membership, leadership, and budget. It is also part of the United Nations Development Group.
The Division on Investment and Enterprise of UNCTAD serves as the focal point for all matters related to foreign direct investment and multinational enterprises in the United Nations System. It builds on more than four decades of experience and international expertise in research and policy analysis on investment and enterprise development, fosters intergovernmental consensus-building, and provides technical assistance to over 150 countries.