Iran Ranks 4th in Attracting FDI in West Asia

The Islamic Republic of Iran has secured the fourth position in West Asia for attracting Foreign Direct Investment (FDI), following the United Arab Emirates, Saudi Arabia, and Turkey, according to an official statement. Iran’s Minister of Finance and Economic Affairs, Ehsan Khandouzi, highlighted this achievement, noting that Iran has managed to attract significant foreign capital despite facing banking problems and sanctions barriers.

Minister Khandouzi pointed out that unlike Iran, the other top-ranking countries—UAE, Saudi Arabia, and Turkey—do not face such banking and sanctions challenges. This underscores Iran’s resilience and attractiveness as an investment destination despite the hurdles.

In addition to its FDI performance, Iran has seen substantial growth in the export of non-oil commodities. Under the administration of the late President Ebrahim Raisi, the value of non-oil exports reached $50 billion. The transit of goods via Iranian land has also seen a significant increase, rising from 11.5 million tons in 2021 to 18 million tons.

Over the past three years, Iran has attracted more than $11.9 billion in foreign capital within the framework of FDI. The oil and gas sector has been a major contributor, accounting for $4.8 billion, or 41 percent of the total foreign investment. Following the oil sector, the industrial sector has attracted over $4.1 billion, representing 35.3 percent of the total FDI.

This impressive FDI inflow highlights Iran’s strategic importance and potential in the region, particularly in the oil, gas, and industrial sectors. Despite facing significant external challenges, Iran continues to draw considerable foreign investment, contributing to its economic development and growth.

As reported by Mehr News Agency, these figures reflect the country’s ongoing efforts to enhance its economic landscape and attract global investors, solidifying its position as a key player in the West Asian economy.