Growth of foreign investment in industry and mining
The provinces of Sistan and Baluchestan, Khuzestan, Tehran, Isfahan and East Azerbaijan ranked first to fifth, respectively, in terms of the volume of approved foreign investment.
According to the International Iranian Stone Exhibition, the total volume of foreign investment approved by the industry, mining and trade sector from the beginning of this year to the end of October was 1 billion and 22 million dollars, which shows a growth of 71% compared to last year.
According to this report, according to the statistics published by the Ministry of Industry, Mines and Trade, in the first 7 months of this year, 102 foreign investments worth 3 billion and 700 million dollars were approved in the whole country. Billion and $ 20 million accounted for 73% and 27%, respectively. Approved foreign investment in industry, mining and trade in the first seven months of this year compared to the same period last year in terms of number of growth of 36 percent.
In terms of investment volume, the share of industry is 84%, mining is 6.7% and trade is 9.3%. Of the 75 cases of foreign investment in this sector, 28 companies with 100% foreign shareholders, 39 companies in the form of partnerships with domestic partners (J.V) and 8 cases in the form of civil partnerships, cross-selling and BOT.
The largest volume of foreign investment in the period under review was in the groups of coke manufacturing, oil refining products, manufacturing of chemical materials and products, manufacturing of rubber and plastic products, and manufacturing of basic metals. The top four countries in terms of foreign investment value were Germany with $ 343 million, China with $ 322 million, Turkey with $ 98.7 million and India with $ 68 million. Afghanistan had the largest number of investments with 22 cases, followed by Turkey, China and India.
During this period, the provinces of Sistan and Baluchestan, Khuzestan, Tehran, Isfahan and East Azerbaijan ranked first to fifth in terms of approved foreign investment, respectively. Approved foreign investment includes all applications, including investment to create new projects, purchase of shares of existing companies, as well as foreign investment in the form of contractual arrangements.
