Young Journalists Club | Latest news of Iran and world

News ID: 7483
Iran » Iran
Publish Date: 20:16 - 29 January 2017
Iran is going to sign €2 billion foreign investment agreement by the end of the current Iranian calendar year (which ends on March 20, 2017), said Iranian Energy Minister Hamid Chitchian.
"€2 billion foreign investment deal will be signed by the end of this year,” he said.

Iran to ink €2 bln foreign investment deal by next monthThe minister noted that delegations from various countries visited Iran after the Joint Comprehensive Plan of Action (JCPOA) between Iran and G5+1, adding Iran has received offers for $10-15 billion foreign investment.

Russia, China, South Korea, Japan, Turkey, Belgium, Denmark, Spain and Britain have offered investment in Iran’s water and power sectors, Chitchian said.

"We have held talks with some of which and we are concluding deals with others.”

Iran is also implementing some of its deals with foreign countries on renewable energies.

Iran and the five permanent members of the United Nations Security Council – the United States, France, Britain, Russia and China – plus Germany started implementing the JCPOA in January 2016.

Under the JCPOA, Iran undertook to put limitations on its nuclear program in exchange for the removal of nuclear-related sanctions imposed against Tehran.

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