TEHRAN – Iran expects a 10-fold increase of foreign direct investment (FDI) in industry and mining sectors by the end of the Sixth Five-Year National Development Plan (2016-2021).

According to ISNA, the FDI for industry and mining sectors stood at $700 million in the past Iranian calendar year (ended on March 20, 2017), and it is expected to reach $7 billion by the end of the Iranian calendar year of 1400 (March 2021).

EF/MA