Tehran attracts $960m foreign investments in 8 months

November 28, 2016 - 18:5

TEHRAN- Head of Tehran's Management and Planning Organization Nematollah Torki announced on Sunday that $960 million of foreign investments have been made in the Iranian capital during the first eight months of the current Iranian calendar year (March 20-November 20), IRNA reported.

Torki added that in addition to the attracted foreign investments some MOUs and contracts have been signed with five prominent Japanese and South Korean companies in the said period.

Iran has approved 27 foreign investment projects to the tune of €1.4 billion since the implementation of the nuclear deal in January 2016, Industry, Mining, and Trade Minister Mohammadreza Nematzadeh said in mid-November.

Referring to the issue of Donald Trump’s win in the U.S. presidential election, he emphasized that political changes in America cannot affect implementation of the mentioned deal, known as the Joint Comprehensive Plan of Action, or JCPOA.

HJ/MA