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| Iran seeking up to $10 billion in foreign investment this year: official |
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TEHRAN – Foreign investment plans worth between $8 and $10 billion are to be approved this year, which began on March 20, the deputy economy minister said.
Foreign investment plans in Iran amounted to $4.3 billion last year, showing an 11 percent growth compared on the year before, Behrouz Alishiri added, the IRNA News Agency reported.
Some $1.1 trillion is needed for investment during the Fifth Five-Year Economic Development Plan (2010-2015) to generate the targeted 8-percent growth rate, Alishiri said on February 26.
Domestic sources have the potential to meet around 56 percent of the required sum, while the rest should be provided for through foreign investment, he noted.
Iran needs up to $300 billion in foreign direct investment to meet the objectives of its Fifth Five-Year Development Plan (2010-2015).
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| Last Updated on 14 May 2012 17:20 |