Foreign Investment in Iran Nudges Down

Foreign direct investment (FDI) in Iran fell only slightly by %0.6. to $831 million. in the first nine months of the current local calendar year (from March 21 to Dec. 22). showing that the country is finding its way around the US sanctions and pressures.

Statistics showed that Foreign Direct Investment (FDI) hit $831 million in the first nine months of the current local calendar year (from March 21 to Dec. 22). showing a 0.6% decline as compared to the last year’s corresponding period.

Totally. 50 cases of foreign investment were made in the nine months of the last Iranian calendar year (from March 21 to Dec. 22. 2018). the rate of which hit 70 in the nine months of the current year (from March 21 to Dec. 22. 2019).

The aforementioned figures show that the number of foreign investments made in the country has experienced a 40 percent growth as compared to the last year’s corresponding period.

Total volume of foreign investment made in the nine months of the last Iranian calendar year (from March 21 to Dec. 22. 2018) hit $837 million while this rate in the nine months of the current year (from March 21 to Dec. 22. 2019) hit $831 million. indicating a 0.6% decline as compared to the same period of last year.

Following the withdrawal of some foreign companies from Iran because of US’ intimidations. Tehran is giving more chances to domestic rivals. which has led to more self-reliance and a boom in domestic industries. Many hold that US’ sanctions have been acting as a stimulus for turning the situation into an opportunity for home industries.

For instance. in oil industry. the MAPNA Group. an energy engineering conglomerate. won a $1.4 billion worth contract with a subsidiary of Iran’s oil Ministry to develop two oil fields in the Southwestern province of Khuzestan where the giant company is slated to drill and repair 35 wells.

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