Iranˈs Foreign Investment Attraction Hits $4.8b Ceiling

Tehran, June 1, IRNA - Iranˈs foreign investment attraction reached $4.85 billion ceiling in last Iranian year (ended March 20, 2013), Iranˈs deputy economy minister said here Friday. Behrouz Alishiri, who is also the head of Iranˈs Organization for Investment and Economic and Technical Assistance, said that the figure hit $2.60 billion and $4.60 billion in 2011 and 2012 respectively. On May 5th, Alishiri announced that Iran has witnessed 150 percent increase in its foreign investment despite imposed sanctions in recent years. Despite bans on Iran, the country was successful in various economic sectors, he said adding that those countries which imposed sanctions on the country were actually the main losers./end