Iran Approves $7 Billion in Foreign Investments Across Diverse Sectors

Tehran, The Gulf Observer: In a significant boost to its economic development strategy, the Organization for Investment, Economic, and Technical Assistance of Iran has approved foreign investment proposals worth $7 billion, spanning a wide array of sectors.

The approved 80 investment requests reflect a broad international interest, with companies from Oman, Germany, Canada, India, China, Russia, Turkey, the UAE, Azerbaijan, Armenia, Iraq, Pakistan, Afghanistan, and Iranian expatriates participating in the initiative.

The sectors targeted for investment include agriculture, fisheries, renewable energies, the automotive industry, chemical and polymer industries, mining, pharmaceuticals, housing, tourism, international transportation, and services.

The move underscores Iran’s intent to diversify its economy and create new opportunities for sustainable growth, while fostering deeper commercial ties with international partners. The approved investments are expected to support job creation, technology transfer, and infrastructure development in key industries across the country.