14 New Projects worth more than $2.5bn

By John Lee.

The last meeting of the Foreign Investment Board in 1394, chaired by Mohammad Khazaei, was held at the Organization for Investment, Economic and Financial Affairs of Iran and 14 projects was approved by the Board in the areas of power generation, automotive and mining industries worth 2.6 billion dollars.

In the meeting, the Board adopted foreign investment projects on construction of 880 MW power plant in Sistan-Baluchistan province, 880 MW plant of Sahand Bonab in East Azerbaijan province, solar power plant in Zanjan province, 50 MW wind power plant in Sistan and Baluchestan, 500 MW power plant of Omidiyeh in Khuzestan province, two solar power plants in Hamedan province, steel production with FINEX-CEM technology, and several other industrial projects in different provinces.

Pointing to the importance of international finance, especially foreign direct investment, Mohammad Khazaei said: The issue of foreign investment and financing is an important area which can be  achieved through technical cooperation of all agencies and ministries.

Foreign investment and financing should be within the framework of national interests, the gain of technical knowledge, job creation and increase of the country’s exports, he added.

(Source: MEFA)

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