|Iran approves foreign investment plans valued at $215m: official||
TEHRAN - Iran has approved new foreign investment plans, valued at $215 million, the chairman of the Organization for Investment, Economic and Technical Assistance (OIETAI) of Iran stated.
The plans are related to building a tourism complex, a processed meat production factory, a tractor parts manufacturing unit, and a hotel apartment, the Mehr News Agency quoted OIETAI Chairman Behrouz Alishiri as saying on Wednesday.
An Asian company will build the tourism complex in northern Golestan Province, he said, adding that the complex will be comprised of residential, recreational, and sport facilities.
The project will create 550 jobs. In addition, it will contribute to the promotion of tourism industry in the country, the official stated.
Moreover, an Iranian expatriate will invest €5 million to establish a processed meat production factory, in northwestern Hamedan Province, he added.
Last December, the Iranian Ministry of Finance and Economic Affairs said in a report that the administration of Iranian President Hassan Rouhani has facilitated foreign investment in the country.
The administration has approved 35 foreign investment plans, worth $1.2 billion, since it took office in August, according to the report.
Subscribe to our RSS feed to stay in touch and receive all of TT updates right in your feed reader