Iran ranks fourth in West Asia in attracting foreign direct investment (FDI) after the United Arab Emirates, Saudi Arabia and Turkey, according to minister of finance and economic affairs.
Ehsan Khandouzi also noted that this is while none of the said countries have faced any banking problems in the field of money transfer and sanctions barriers, wrote Tasnim News Agency.
The minister pointed to Iran’s export of non-oil commodities and put the value of export of non-oil goods during the administration of late Iranian president Ebrahim Raisi at $50 billion.
The economy minister also highlighted the transit of goods via Iranian land and said it has risen from 11.5 million tons in 2021 to 18 million tons.
Iran managed to attract more than $11.9 billion of foreign capital within the framework of FDI in the past three years, he stated.
In the mentioned figure, the share of the oil and gas projects was $4.8 billion which means the oil industry accounted for 41 percent of the country’s total foreign investment in the said two years.
Iran News
November 10, 2024
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