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$50 billion investment by 2021 anticipated in Iran

 
 

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Tehran Times, 4 February 2016

The sixth five-year national development plan, which ends in 2021, has envisaged some $50 billion investment in the country, said Mohammad Baqer Nobakht, the government spokesman as well as the head of the Management and Planning Organization.

Based on the plan, $12 billion in foreign direct investment, $20 billion in finance, and $18 billion in joint investment would be made in the country, Khabaronline reported.
 
Gross domestic product is projected to rise from currently 2.12 quadrillion rials (about $60 billion) to 3.12 quadrillion rials (about $90 billion) in the final year of the plan, he said, adding, “Annual economic growth of 8 percent, job creation, and single-digit inflation are the most important objectives of the plan.”

Meanwhile, the inflation rate, which is currently around 12.4 percent, is projected to fall to 8.9 percent in 2021, he noted.

The plan has also seen the unemployment rate to decline from 10.7 percent to 7 percent, the official said.
Tehran Times
4 February
 

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