Bloomberg News

Foreign Investment in Iran Increased to $4.3 Billion, Mehr Says

May 21, 2012

Iran attracted $4.3 billion in foreign investment in the past Iranian year ended March 19, Mehr reported today, citing Economy Minister Shamseddin Hosseini.

The government reported $3.7 billion of foreign investment in the previous 12 months. Hosseini didn’t give details of where the investment came from.

Iran is under United Nations, U.S. and European Union sanctions over its nuclear program, which western powers say may be aimed at developing atomic weapons, a claim Iran denies. The International Monetary Fund is forecasting 0.4 percent economic growth this year and 1.3 percent for 2013.

To contact the reporter on this story: Ladane Nasseri in Dubai at lnasseri@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


Coke's Big Fat Problem
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus