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Iran capable of absorbing $20bn foreign investment

08 January 2017 [11:29] - TODAY.AZ

By  Trend

Member of the Board of Instructors of German Düsseldorf University Fereydoun Bodaghi says the Islamic Republic of Iran has the possibility to attract investment to the tune of more than 20 billion dollars, IRNA reported.

Bodaghi told a press conference on Saturday that mining and mineral industries, environment protection and renewable energies are suitable grounds for attraction of investment.

He said Iran does not need investment in oil, gas or auto industries, rather there are many grounds that can be revived through using domestic and foreign sources and market the output overseas.

He added that current approach of the community of human beings is protection of environment and it seems one of the suitable grounds for investment in Iran is environment protection.

The official went on to say that different conditions of regional states like Iraq, Afghanistan, Syria, Yemen, and the like show that Islamic Iran is the safest haven in the region, so capital and investor seek safe and suitable haven for the purpose as Iran enjoys the necessary condition.

Based on the latest statistics, value of foreign investment in new projects is more than $11.333 billion. 
Besides neighbors, a number of European states, including Germany, Italy, Spain and the Netherlands, have obtained necessary licenses for investment.


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