23 May 2007 - 09:28
  • News Code: 105365

TEHRAN -- Foreign investment is on the rise in Iran, Muslim countries, and most states with proper economic conditions, Minister of Finance and Economic Affairs, Davud Danesh-Ja’fari told reporters here Tuesday.

Prior to September 11, most of Muslim magnates and those from the Third World were investing in developed countries, but they switched to other countries after the incident.

 

Thereafter, most countries among them Iran have faced foreign capital inrush.

 

According to him, the foreign capital Iran attracted in the previous Iranian calendar year 1385 (ended on March 20, 2007) was more than the figure in its preceding year.

 

He affirmed that available statistics on ways to use foreign capitals and direct overseas investment reveal the foreigners’ willingness to invest in Iran.

 

The minister put sum of the direct overseas investment in Iran at some one billion dollars prone to more growth.

 

PIN/MNA

News Code 105365

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