Iran recently attracts $4.5 bln foreign investments
Iran's President who took office in August, 2013, said that
during the last few months some $4.5 billon foreign investments
were absorbed by the country.
He said during a live TV speech given on Feb.5 that during the
current Iranian calendar year, about $8 billion in foreign
investments have been attracted and it's planned to absorb more
$8.5 billon in foreign investment before the end of this year.
(Iran's calendar year starts on March 20.)
The Iranian president went on to say that the attracted funds were
invested mostly in power plant and dam buildings as well as steel
production plants, mines and metro construction spheres.
Rouhani added that "a new page opened in Iran's economy and we
would be witness to economic development in upcoming months due to
ruptured, eased and unclenched sanction's chains over Iran".
Iran and six major powers including the U.S., UK, Germany, France,
Russia, China reached a nuclear accord in November 24, 2013, which
came into force on Jan.20.
According to the accord, the western countries would eased or
suspended some restrictive sanctions over Iran's industrial sector
when Iran halted some sensitive nuclear activities, including
enriching uranium at a 20 percent level. Iran also would be able to
access to his $4.2 billion blocked funds in abroad in eight
stages.
According to a White House announcement, due to financial
sanctions, Iran's inaccessible assets abroad are about $100
billion.
Recently, several foreign economic delegations have traveled to
Iran to evaluate cooperation opportunities, including the Turkish
and French delegations visits in the last ten days.
Iran hopes to keep nuclear accord until elimination of all
sanctions imposed by West over the country.