News ID: 175914
Published: 0615 GMT January 17, 2017

Foreign investment up by 42% in post-JCPOA era

Foreign investment up by 42% in post-JCPOA era

Foreign investment in Iran has increased by 42 percent in the past 12 months since the Joint Comprehensive Plan of Action (JCPOA) went into force last January, an Iranian official said on Tuesday.

Speaking to IRNA, Managing Director of Central Securities Depository of Iran Mohammadreza Mohseni said over 264 applications for foreign investment have been registered during the period (from January 16, 2016) when Foreign Minister Mohammad Javad Zarif and European Union's foreign policy chief Federica Mogherini announced in a joint statement the implementation of the landmark nuclear deal reached between Iran and the world six major powers (the US, Britain, Russia, France and China plus Germany) in July 2015.

He noted the value of foreign investments in Iran has also increased fivefold in the post-JCPOA era.

The official added that the implementation of the nuclear deal has paved the way for more foreign companies coming to Iran's investment market.

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