ID :
197514
Wed, 07/27/2011 - 09:37
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https://oananews.org//node/197514
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UN Report Confirms Record FDI in Iran
TEHRAN (FNA)- A report by the United Nations Conference on Trade and Development (UNCTAD) said foreign direct investment (FDI) in Iran hit a new record in 2010 and exceeded 3.6 billion dollars despite a general decline in FDI in a majority of other world states.
According to the UNCTAD's report titled "World Investment Report", Iran's breakthrough has occurred, while many states witnessed a decline of FDI in 2010. FDI in UAE, South Korea, Saudi Arabia, India, Qatar and Kuwait has fallen sharply in 2010, the report cited.
The FDI flow to Iran in 2010 increased around 20% compared to the year before, UNCTAD said. FDI in Iran in 2009 reached $3bln.
Foreign direct investment in Iran has witnessed a tremendous growth of 139% during 2008-2010, reaching from $1.6bln in 2008 to $3.6bln in 2010.
Iran was among the few countries which witnessed FDI growth in 2009 and 2010.
Also senior Iranian economic officials also announced on Tuesday that the country has attracted billions of dollars through foreign investment despite the current decline in the flow of capital and foreign investment throughout the world.
"The total volume of global foreign investment amounted to $1,243bln last year, $3.6bln of which was attracted by Iran," Head of Iran's Organization for Investment and Economic and Technical Assistance Behrouz Alishiri said.
Alishiri reiterated that the volume of foreign investment in Iran shows a 20% growth compared with the previous year.
Iran attracted almost 11.9 billion dollars worth of finances from abroad, of which $3.6bln was FDI, $7.4bln from international commercial banks' loans and around $900mln loans and projects from international development banks.
The report also showed that Iran's position in ranking of Doing Business in the world has improved 13 steps in 2010, and placed the country in 129th in the world.
Global FDI flows increased slightly in 2010 reached $1.24 trillion (a growth of 4.9% compared to 2009), but still is less than 2008 figures.
According to the report, the FDI flows at the end of 2010 were still some 15 percent below their pre-crisis average of $1.472 trillion and nearly 37 percent below their peak in 2007 of $1.971 trillion.
UNCTAD predicts the recovery of FDI flows will continue in 2011 and will reach a total of some $1.4 to $1.6 trillion. Thereafter flows are forecast to rise to $1.7 trillion.
According to the UNCTAD's report titled "World Investment Report", Iran's breakthrough has occurred, while many states witnessed a decline of FDI in 2010. FDI in UAE, South Korea, Saudi Arabia, India, Qatar and Kuwait has fallen sharply in 2010, the report cited.
The FDI flow to Iran in 2010 increased around 20% compared to the year before, UNCTAD said. FDI in Iran in 2009 reached $3bln.
Foreign direct investment in Iran has witnessed a tremendous growth of 139% during 2008-2010, reaching from $1.6bln in 2008 to $3.6bln in 2010.
Iran was among the few countries which witnessed FDI growth in 2009 and 2010.
Also senior Iranian economic officials also announced on Tuesday that the country has attracted billions of dollars through foreign investment despite the current decline in the flow of capital and foreign investment throughout the world.
"The total volume of global foreign investment amounted to $1,243bln last year, $3.6bln of which was attracted by Iran," Head of Iran's Organization for Investment and Economic and Technical Assistance Behrouz Alishiri said.
Alishiri reiterated that the volume of foreign investment in Iran shows a 20% growth compared with the previous year.
Iran attracted almost 11.9 billion dollars worth of finances from abroad, of which $3.6bln was FDI, $7.4bln from international commercial banks' loans and around $900mln loans and projects from international development banks.
The report also showed that Iran's position in ranking of Doing Business in the world has improved 13 steps in 2010, and placed the country in 129th in the world.
Global FDI flows increased slightly in 2010 reached $1.24 trillion (a growth of 4.9% compared to 2009), but still is less than 2008 figures.
According to the report, the FDI flows at the end of 2010 were still some 15 percent below their pre-crisis average of $1.472 trillion and nearly 37 percent below their peak in 2007 of $1.971 trillion.
UNCTAD predicts the recovery of FDI flows will continue in 2011 and will reach a total of some $1.4 to $1.6 trillion. Thereafter flows are forecast to rise to $1.7 trillion.
