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).