investing in Iran

Iran attracts $7Bilion through foreign investment after sanctions lift

According to Ahmad Jamali, CEO of Foreign Investment Organization of Iran, Iran has attracted $7 billion of investment from abroad since that the sanctions against Iran has been lifted.

He added that Iran has no problem for transferring money. The banks and exchange houses that carried out the $7 billion transfers are mostly from Germany, Italy, and the UAE.

However, Mr. Jamali admitted that Iran is mainly working with small banks in the post-sanctions period as world banks are still hesitating to approach Iran. The sanctions on Iran were removed in January 2016, however, the memory of US Treasury punishments and a remaining set of primary US sanctions continue to discourage foreign banks and companies from doing business with Iran.