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Iran Needs $1k Billion for 6th Development Plan

Source: Shana 11/8/2015, Location: Asia

Iran will need an investment of more than a thousand billion dollars of which a quarter is needed to be supplied from foreign financiers, a senior presidential adviser said.

Akbar Torkan said on Sunday that the Iranian government will be able to supply $750bn of the needed finances for fulfillment of the 6th Plan requirements, but the rest of the amount must be sourced by foreign investors.

Torkan, who is also head of Iran's Free Trade Zones Organization, added that the energy section tops Iran's priorities for attracting foreign direct investments (FDIs) or capitals.

He said Iran prefers foreign investors over foreign capitals to bankroll its oil and gas projects.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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