113% growth of approved foreign investment in industry and mining

Feed: 3101 - Date: 3/15/2021 - Views: 49

The official statistics show the approval of 1 billion and 821 million USD of foreign investment in the sectors of industry, mining and trade from the beginning of this year to the mid February and the 113.2 % growth compared to the same period last year.

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According to IRNA on Sunday about the statistics released by the Ministry of Industry, Mining and Trade, this amount of investment is related to 135 plants and projects, which in this respect shows a growth of 64% compared to last year.
The segregation of projects also shows 88.9% of the number of industrial projects and plants, 5.9% of commercial projects and 5.2% of mining projects.
In the first 11 months of last year, 82 projects and plants were approved with $ 854 million in foreign investment in industry, mining and trade.
The groups of manufacturing chemical materials and products with $ 549 million, paper and paper products with $ 285 million, radio, television and communication equipment with $ 120 million, and machinery and equipment not classified elsewhere with $ 95 million, respectively have allocated the largest volume of foreign investment to themselves in this period.
Moreover, Germany with $ 481.9 million, China with $ 433 million, Canada with $ 267.6 million, Austria with $ 116 million, and Turkey with $ 87.8 million are the top five countries in terms of foreign investment value respectively in this period.
In the first 11 months of this year, Afghanistan with 43, China and Turkey with 11, Germany with 9 and India with eight projects and plants are considered the top five countries in terms of the number of investment projects in our country.
The highest volume of foreign investments in this period were in Khuzestan province with 30%, Sistan and Baluchestan with 26%, Fars with 22%, Tehran with 13% and Kermanshah with 9%.
According to IRNA, the approved foreign investment includes all kinds of requests, including investment to create new projects, the purchase of shares of existing companies, as well as foreign investment in the form of contractual arrangements.

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