Minister Stresses Increase in Investment in Iran despite Sanctions
Iranian Economy Minister Farhad Dejpasand announced that investment of foreign states in Iran has increased in the first 9 months of the current year (ending on March 19) despite the harshest pressures and sanctions by Washington.
"In the first 9 months of this current Iranian year, the amount of foreign investment increased by 32 percent compared to the same period last year," Dejpasand said in Tehran on Wednesday.
Enemies have been trying to change the Iranian political system in three months after the start of the sanctions, but today, about a year and three months after that, the enemies have failed to achieve their goals, he said.
This year, 10 months into the year, despite all the restrictions, sanctions and disruptions that have been made to prevent Iran's foreign trade and exports, the volume of foreign trade is similar to last year and its slight change has been due to changes in the value of some exported products, Dejpasand said.
Iran's Ministry of Industry, Mine and Trade announce last month that a total sum of $784.6 million foreign finance had been directly invested in 55 projects in Iran in the past 7 months, adding that it was a 26.1 percent jump in comparison with figures from corresponding period in the last year.
Statistics of the Ministry of Industry, Mine and Trade indicate that $784.6 million worth of Foreign Direct Investment (FDI) was approved for 55 industrial, mineral and trade projects in the seven months of the current Iranian calendar year (from March 21 to Oct. 22), showing a 26.1 percent growth as compared to the last year’s corresponding period.
In the same direction, $622.3 million worth of Foreign Direct Investment (FDI) was approved for 43 mineral and industrial projects in the seven months of the last Iranian calendar year (from March 21 to Oct. 22, 2018), showing a 27.9 percent growth as compared to the same period of last year.
Meanwhile, $762.6 million worth of Foreign Direct Investment (FDI) was approved in mineral and industrial projects in the first six months of the current year (from March 21 to Sept. 22).
The statistics showed that $22 million worth of FDI was approved in Iranian month of Mehr (Sept. 21 – Oct. 22).
source: Fars News
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Higher silver supply to reduce global deficit by 4% in 2024
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
