Iran’s Sovereign Wealth Fund targets Healthcare and Tech

By John Lee.

Iran’s sovereign fund is reported to be targeting investments in the healthcare and high-tech sectors.

Vahid Sharif, an investment manager at the Iran Foreign Investment Company (IFIC), told Reuters:

“We are ready to co-invest in the high-tech industry … How can we make Iranian roads safer? Can we develop electric cars to reduce pollution? Also, Iran is number one in energy waste — is there a way to reduce this?”

He added that he is exploring opportunities in South Korea and Japan, which “have a good relationship in oil with Iranians“.

The fund has around $5 billion under management, and is currently invested in 22 companies including banks, financial and credit institutions, mining and other industries.

(Source: Reuters)

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