The meeting was chaired by Deputy Minister and Head of Organization for Investment, Economic and Technical Assistance of Iran, Mehdi Heidari, and attended by members of the Foreign Investment Board, according to Shada.

Officials reviewed 61 foreign investment applications across energy, steel, transport, food, information technology, pharmaceuticals and healthcare, apparel, housing, textiles, tourism services, and other industrial sectors. Applicants were from Switzerland, Canada, Portugal, Spain, Germany, China, Thailand, India, Turkey, Armenia, Afghanistan, Pakistan, the United Arab Emirates, Iraq, Oman, and Iranian expatriates.

Ultimately, 54 projects worth $457 million were approved. The remaining seven applications were deferred for further technical review and will be considered at the next board meeting.

The Foreign Investment Board convenes monthly to assess and approve proposals. Since the beginning of the Iranian calendar year in March 2025, the board has conducted ten sessions and approved over 450 foreign investment projects, with a total value nearing $13 billion.