Tehran seeks $29bn FDI for Iranian mining sector

Deputy Minister Industry & Mining Mehdi KarbasianIranian mining: Iran is looking for up to $29bn of foreign investment for the development of its minerals sector, its Deputy Minister of Industry, Mining and Trade Mehdi Karbasian told Bloomberg earlier this week.
In an interview intended to publicise the opportunities on offer to overeseas investors now that the end of sanctions is imminent, Karbasian also said that his country would be hosting a two-day seminar in the Kish Islands next month to outline the major steel-related projects that are in the pipeline.“Sanctions imposed on Iran … certainly slowed development in steel [industry] and other fields,” he said. “Once the sanctions are lifted, investing in Iran will be a win-win situation.”

 

Source: Bloomberg