Iran aims to attract $100 billion in foreign investment

Iran is "hatching" a plan to attract huge foreign investment capital to achieve the economic growth target of 8%/year, from the current 4%.

Iranian President Masoud Pezeshkian during a live interview on state television, at his office in Tehran, August 31. (Source: Iranian President's Office)

In an interview on state television on the night of August 31 local time, new Iranian President Masoud Pezeshkian delivered his first message to the nation since taking office in late July.

New President Pezeshkian has announced major investment attraction plans, according to which Iran needs about $100 billion in foreign investment to achieve the target of 8% economic growth per year, double the current 4%.

Iran needs $250 billion to achieve its goals, but more than half of that is available from domestic resources, according to Mr. Pezeshkian. Experts say that economic growth of 8% will help reduce the current double-digit inflation and unemployment rates in Iran.

In the interview, President Pezeshkian also highlighted the negative impacts of sanctions and affirmed that the Iranian government can reduce the inflation rate, which is currently at more than 40% per year, if Tehran resolves problems with neighboring countries and countries around the world.

According to Mr. Pezeshkian, expanding economic cooperation with the outside world is one of the Iranian government's plans to control inflation. However, the target of reducing inflation to 30% by the end of this year depends partly on domestic and international developments.

The Iranian president confirmed that he will make his first foreign trip to neighboring Iraq and then travel to New York to attend the United Nations General Assembly on September 22-23. During his trip to New York, Mr. Pezeshkian is expected to meet with Iranians living in the US to invite them to return home to invest. Of the more than 8 million Iranians living abroad, about 1.5 million are living in the US.

On foreign policy, Mr. Pezeshkian's government is committed to resolving existing problems between Iran and other countries, including its neighbors. Iran is currently in the process of negotiating cooperation agreements with about 40 countries.

Iran's economy has faced many difficulties since 2018, when the US under President Donald Trump withdrew from the nuclear deal and imposed more sanctions against Tehran.

During his recent presidential campaign, Mr. Pezeshkian pledged to try to restore the nuclear deal between Tehran and world powers.

Source: https://baoquocte.vn/iran-dat-muc-tieu-thu-hut-100-ty-usd-dau-tu-nuoc-ngoai-284721.html