Iran, according to Fars news agency, attracted $6.05 billion of foreign investment between August 2021 when President Ebrahim Raeisi came to office and March 2023, up 84.3% compared to the same period in the previous administration.

Iran has received an offer for $2.5 billion of investment in its petrochemical sector from a foreign country, Chief Executive of the National Petrochemical Company (NPC) Morteza Shahmirzaei says.

ran has signed more than $80 billion of memorandum of understanding with foreign investors to participate in the financing of oil projects, of which more than $5 billion have been converted into contracts, Deputy Minister of Petroleum Houshang Falahatpour says.

Russia becomes largest foreign investor in Iran with $2.7 billion worth of investment.

Foreign investment in Iran’s manufacturing, mining and trade projects rose to $2.8bn in March-Dec.

Manufacturing, mining sectors accounted for a bulk of foreign investments in Iran in March-August.

Despite innumerable US, UN and EU sanctions Iran has managed to maintain food security and agricultural independence.