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Foreign Investment In Iran Reached 5 Billion Dollars Last Year

London, Sept 30, IRNA-Iran attracted the equivalent of nearly Dlrs 5 billion worth of foreign investment in 2004, according to the latest World Investment Report by the UN Conference on Trade and Development (UNCTAD).

The figures, based on information provided by the Organization for Investment, Economic and Technical Assistance of Iran, include Foreign Direct Investment (FDI) as well as various types of non-equity arrangements, such as the country's buy-back projects.

They show that the value more than trebled from Dlrs 1.5 bn in 2003, even though the number approved under Iran's foreign investment laws fell back from 44 to 23.

With regard to the criteria of inward FDI, Iran was classified as underperforming on its potential, attracting approximately only Dlrs 500 millions in 2004, around the same as in the two previous years.

Compared with the rest of the world, Iran's inward FDI performance last year was listed as 130th in an index of 140 countries, but its potential in 2003 was rated to be 57th, up from 59th in 2003 but down from 46th back in 1995.

In UNCTAD's Innovation Capability table, based on an average of technological activity and human capital in 2001, Iran was ranked as 75th among 117 countries.

Iran was listed as 63rd on Technology Activity, weighted on research manpower, US patents and scientific journal articles, but down at 81st on Human Capital, based on literacy weight and ducation enrollments.

This contrasted to Iran being ranked as the 22nd highest in terms of the number of students enrolled in all subjects in higher education and 14th in the number covering technical subjects.

... Payvand News - 10/1/05 ... --

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