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News ID: 1500
Iran » Iran
Publish Date: 12:46 - 30 June 2013
Tehran, YJC. Hosseini says that the Ahmadinejad administration has outdone other administrations in attracting foreign investments.

Speaking in a meeting held for the announcement of the UNCTAD’s report on foreign investment, Iran’s Minister of Economic and Financial Affairs Shamseddin Hosseini said on Saturday "Despite tightened sanctions, the volume of foreign investment in the past 7 years has been twice that of the 27 years prior to the period.”

"The number of foreign investment projects passed from 1979 to 2005 has been 200, while from 2005 to the spring of 2013 there have been 631 foreign investment projects,” the Minister said.

He added "The total value of foreign investment has been $5 billion in the first 27 years after the Revolution, to increase to $10 billion in the past 7 years, that means that in the past 7 years twice the amount of its preceding 27 years foreign investment was attracted.”

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