Iran Attracts $10.7bln in FDI in 9 Months

TEHRAN (FNA) – The Iranian economy minister stated that the value of foreign investment in the country has reached $10.7 billion in the first nine months of the current Iranian year to March 2008.

The minister, who was addressing the 250th meeting of the Islamic Development Bank (IDB) in Tehran, said that the implementation of 80 projects by foreign investors was approved during the nine months showing an increase of 138 percent compared to the same period last year, Iran Daily reported.

Despite the US pressure, Iran has achieved a sustainable growth rate and the national economy expects a bright future, he said.

Speaking at the same gathering, the Governor of the Central Bank of Iran suggested the bank draw up a plan to use financial resources of Islamic nations effectively.