Statistics Says an Amount of $ 1.821 Billion Has Come to Iran's Mineral and Industrial Sectors

  March 14, 2021   News ID 2234
Statistics Says an Amount of $ 1.821 Billion Has Come to Iran's Mineral and Industrial Sectors
Iran’s Ministry of Industry, Mine and Trade has approved $1.821 billion worth of Direct Foreign Investment (DFI) in mineral and industrial sectors in 11 months of the current year, indicating 113.2% increase in comparison with the same period last year.

Tehran, SAEDNEWS: Official statistics of the ministry showed that $1.821 billion worth of DFI was made in mineral and industrial sector in the first 11 months of the current Iranian calendar (from March 20, 2020 to Feb. 19, 2021), showing a significant 113.2 percent growth as compared to last year’s same period.

Foreign companies invested in Iran’s 135 mineral and industrial projects in this period, setting a 64% hike as compared to the same period last year.

A number of 82 projects, worth $854 million of foreign investment, had been approved in the mining and mineral sector in 11 months of the previous Iranian calendar year.

Afghanistan with 43 projects, China and Turkey with 11 projects, Germany with 9 projects and India with 8 projects accounted for countries with maximum number of projects invested in Iran from March 20, 2020 to Feb. 19, 2021 respectively.

In a relevant report in early January, Ministry of Industry, Mine and Trade announced that nearly $1.5 billion of foreign investment has been made in Iran during the first three quarters of the current year (March 20- December 20, 2020).

The Ministry announced that during the first nine months of the current Iranian year (March 20-December 20, 2020), some 129 foreign investments were approved in the country at a value of $ 4.384 billion.

The four countries with the highest amount of investment in the mentioned period were Germany, China, Turkey and the UK, respectively.