Iran expects $12bn in foreign investments

Feriyal Mostofi

a member of Iran Chamber of Commerce says the volume of foreign investments in the country is expected to increase by six times until next March to reach around $12 billion.

Mostof told reporters that foreign investments in Iran for each Persian calendar year (starting 21 March) stood at about $2 billion. 

This year, however, it is expected to reach between $10 billion to $12 billion once the contracts that have been signed after 21 March are made operational, said Mostofi.

Based on figures released by the United Nations Conference on Trade and Development (UNCTAD), Iran attracted $2.05 billion and $2.10 billion in 2015 and 2014.