Iran Approves $666 Million in Foreign Investment Proposals

In its seventh session of the year, Iran’s Foreign Investment Board, chaired by Mr. Heydari, the Head of the Organization for Investment, Economic and Technical Assistance of Iran, convened with representatives from key government bodies including the Ministry of Foreign Affairs, the Central Bank, the Planning and Budget Organization, Iran Chamber of Commerce, the Cooperative Chamber, and relevant ministries such as Agriculture Jihad and Industry, Mine and Trade.

According to Shada (the official news outlet of the Ministry of Economic Affairs and Finance), the board reviewed seven foreign investment proposals from China, Russia, the United Arab Emirates, Turkey, and Afghanistan. These proposals span across sectors including automotive, mining, agriculture, pharmaceuticals and healthcare, housing, services, and other industrial fields.

All seven proposals were approved, totaling $666 million in investment value.

Since the beginning of the year, the Foreign Investment Board has held seven sessions, during which over 257 investment projects have been approved, amounting to more than $11.4 billion. These monthly meetings play a pivotal role in attracting foreign capital and advancing Iran’s economic development.

News ID 644151