$4.1bn of Foreign Investment under Rouhani

An Iranian official said the country has absorbed over $4 billion in foreign investment since President Hassan Rouhani took office in August 2013.

Iran has drawn in $4.1 billion of foreign investment into its different sectors under President Rouhani, Ali Yazdani, an Iranian deputy minister of industry, mine, and trade, said at a meeting in northern Iran on Monday.

He added that over $2 billion of the investment has so far come into operation in the industry sector in the post-sanction era.

Anti-Iran sanctions were lifted after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany), known as the Joint Comprehensive Plan of Action (JCPOA), on July 14, 2015 and started implementing it on January 16.

Elsewhere in his remarks, Yazadani referred to the US lack of commitment to its obligations under the JCPOA, saying that the government has envisaged different measures to prevent any possible loss as a result of violation of the nuclear agreement by the opposite side.

Iranian officials have complained about the US failure to fully implement the accord after it came into force.

Back in June, Leader of the Islamic Revolution Ayatollah eyed Ali Khamenei underlined Iran’s commitment to the deal with the group of six countries, but made it clear that any violation of the deal by the US will trigger Tehran’s harsher response.

The Leader reiterated that Iran will never be the first side to violate the JCPOA.

“But” the Leader underscored “if the threats of tearing off the JCPOA made by the US presidential nominees are carried out, the Islamic Republic will set the JCPAO ablaze,” Ayatollah Khamenei added, making a reference to a divine order about mutual breach of commitments.

(Source: Tasnim, under Creative Commons licence)

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