According to the Ministry of Economic Affairs and Finance, the 305th session of the Foreign Investment Board was chaired by Mahdi Heidari, President of the Organization for Investment, Economic and Technical Assistance of Iran, and attended by other board members.
During the meeting, the board reviewed 55 foreign investment applications spanning a wide range of economic sectors, including renewable energy production and solar power plant development, food industries, pharmaceuticals and healthcare, rail and maritime transportation, textiles, services, and other industrial fields.
The investment proposals originated from investors in several countries, including Germany, Switzerland, Portugal, the Netherlands, China, the United Arab Emirates, Iraq, Oman, Afghanistan, Pakistan, and Armenia, as well as Iranians in diaspora.
Following the review process, the board approved 50 investment projects with a total value of $491 million.
The Foreign Investment Board convenes sessions at the Organization for Investment, Economic and Technical Assistance of Iran monthly to evaluate and approve foreign investment applications. Two board meetings have been held so far in the current Iranian year, resulting in the approval of 90 investment projects valued at a combined $617 million.
The board comprises representatives from the Ministry of Foreign Affairs, the Central Bank of Iran (CBI), the Plan and Budget Organization, the Iran Chamber of Commerce, Industries, Mines and Agriculture, and the Iran Chamber of Cooperatives. It also includes representatives from the Ministries of Agriculture, Industry, Energy, Cultural Heritage, and Information and ministry of Information and Communications Technology, as well as the Renewable Energy and Energy Efficiency Organization, the Food and Drug Administration, the Road Maintenance and Transportation Organization, and the Secretariat of Iran’s Free Trade-Industrial and Special Economic Zones.