20% of National Development Fund goes to foreign investments

Minister of Economy and Financial Affairs Seyyed Shamseddin Hosseini says 20 percent of the National Development Fund will go to foreign investments. Talking to IRNA on Monday, the minister said the amount of the fund now stands at dlrs 27 billion of which dlrs 5.4 billion is allocated to foreign investments. He expressed satisfaction with the growing trend of foreign investments in the country in the past couple of years despite sanctions and said the figure of foreign investments in Iran grew by four billion dollars during the period. Hosseini further noted that companies which would create chances for foreign investments will receive rls 100 billion in incentives in the first year.