Volume. 11874

Iran’s mining sector needs $400b investment: official
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TEHRAN - The mining sector of Iran requires $400 billion to meet objectives of the Fifth Five-Year National Development Plan (2010-2015), an Iranian economy ministry official said on Tuesday.
“The private sector, banks, and the capital market will secure some 60 percent of the necessary fund, and 40 percent will be provided through foreign sources,” Abolfazl Poudehi stated.
Iran is among the 15 major mineral-rich countries of the world and exports its industrial and mineral products to 159 countries, including Iraq, China, the United Arab Emirates, India, and Afghanistan.

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