October 08, 2008

Iran’s foreign investment in 2007 up by 300% YoY

Mehr News Agency reported that foreign investment in Iran has increased by 300% YoY to USD 30 billion in the first half of the current Iranian calendar year as against USD 10.5 billion. Out of the total USD 21 billion belongs to the industry and mine sectors.

Mr Mohsen Shaterzadeh deputy minister of industries & mines of Iran said that “Out of the figure, the industry sector has the lion’s share 80%.”