The approvals bring the total number of foreign investment applications cleared by the board since the start of the year to 398, with a combined investment value of $3.2 billion, according to Iran’s Organization for Investment, Economic and Technical Assistance.

The board held its 311th meeting under the chairmanship of Mahdi Heidari, head of the investment organization, at the Ministry of Economic Affairs and Finance. Representatives from relevant ministries, economic institutions and industry bodies also attended.

The meeting reviewed 43 applications covering new foreign investments, capital increases in existing projects, capital transfers, amendments to investment permits and extensions of existing approvals. Of these, 42 were approved.

The proposals covered a broad range of economic activities, including manufacturing, mining, agriculture, telecommunications, renewable energy and solar power generation, automobiles and motorcycles, transportation, healthcare, food production, capital markets and services.

Investors from several countries were represented in the applications, including the United Kingdom, Russia, China, Türkiye, the United Arab Emirates, Oman, Pakistan and Afghanistan. Applications also included investments by Iranians living abroad, particularly in Germany, Spain, the Netherlands, Türkiye and the UAE.

According to the investment organization, the board has held eight monthly meetings since March 20, approving 398 applications worth a total of $3.2 billion.

The figures reflect the value of investment projects approved by the board; they do not necessarily represent capital already transferred into Iran or projects that have entered the implementation phase.