Iran’s foreign investment rose 83% in first half, Times reports

By Bloomberg

Foreign investment in Iran jumped 83 percent to $6.8 billion in the first half of the current Iranian year, which began on March 20, the Tehran Times reported, citing Deputy Economy Minister Behrouz Alishiri.

“Iran plans to attract $10 billion in foreign investment in the current year,” the Tehran-based newspaper cited Alishiri as saying. He said the country needs $400 billion in direct foreign investment to reach its target of 8 percent economic growth by 2015, the newspaper reported.

Foreign investment in the Islamic Republic amounted to $4.4 billion last year, Alishiri said on Sept. 3, according to the Tehran Times, which didn’t provide the investment figure for the first half of the last Iranian year.


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