Gov't Welcomes Foreign Investment: VP

Gorgan, Golestan Prov, Oct 6, IRNA – Government welcomes foreign investors, Vice President for Executive Affairs Mohammad Shariatmadari said on Monday. Talking to IRNA, he noted that the government has a realistic and logical foreign policy approach. The Government has done its best to improve relations with the entire world and welcomes foreign investment in economic projects, Shariatmadari noted. Iran's foreign policy has taken new directions since Hassan Rouhani was elected as President in 2013. Foreign investors have concentrated their activities in a few economic sectors in Iran including the oil and gas industries, vehicle manufacturing, copper mining, petrochemicals, foods, and pharmaceuticals. The value of foreign investment in the last Iranian calendar year (ended March 20, 2014) reached 16 billion dollars which showed more than 100 percent growth as compared with the year before, which was 7.5 billion dollars./end