Iran attracts foreign investments to the tune of US$11bln in 10 months

Newly introduced incentives and new laws for protection of investments has boosted foreign investments in Iran. Since March 2007, US$11 billion has been invested in Iran in telecommunications, steel, petrochemicals, agriculture, and small-scale industries by foreign financiers. These financers are from Turkey, the United Arab Emirates, India, China, Germany, France, and Italy. Though the Iranian government has liberalized investment regulations in the early part of the decade, foreign investors have focused mainly of a few sectors of the economy like oil and gas sectors, automotive manufacturing industry, copper mining, petrochemicals, foodstuffs, and pharmaceuticals.
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