Publishe Date: 12:53 PM - 4/22/2017 | Print

Nematzadeh: $5.6bn of foreign investments in industries ratified in post-JCPOA

Economy - Minister of Industry, Mine and Trade Mohammad-Reza Nematzadeh said on Saturday that after implementation of the Joint Comprehensive Plan of Action (JCPOA) some 5.6 billion dollars of foreign investments has been ratified to be injected to the industries.

The deal turned the foreign firms to economic partner of Iranian companies, he said.

After implementation of the JCPOA, the partnership of foreign firms varies from 30 to 100 percent registering a significant growth in the sector, he said.

Foreign investors vow to broaden cooperation in auto-making industry, medical equipment, chemical materials, foodstuff, equipments, machinery and oil and gas equipments, he said.

None of the foreign firms have withdrawn their agreements and prospects of these agreements are crystal clear, he said.

After the JCPOA some 117 MoU’s with accredited foreign firms have been inked and over 53 percent of them have entered into joint investment procedures, he said.

Tags: Economy -
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