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Official: Rise in foreign investments

Tehran, Jan 26, IRNA -- Foreign investment has grown, especially in the construction and housing sector, within framework of the Fourth Five-Year Economic Development Plan (2010-15).

Talking to IRNA on the sidelines of the International Exhibition on Investment Opportunities in the Housing and High Rise Building Industry in Tehran, Director General of Iran’s Foreign Investment Office, Mahmoud Aliabadi, said that last year, a plan was ratified for increase in volume of foreign investment to dlrs 12 billion from dlrs 10 billion the previous year.

He added that by end of Aban, the 8th month in Iranian calendar, dlrs 400 million in foreign investment was made in Iran and the figure is expected to rise to dlrs 600 million by March 20, 2009, marking the end of the current Iranian year.