Iran experienced 6.5 percent economic growth

$11bn investment target for 2016

(Monday, February 13, 2017) 10:42

Nobakht said Iran experienced 11.5 billion dollar investment in 2016

According to the official statistics, Iran has experienced up to 11 billion dollar investment in 2016, Government Spokesperson Mohammad-Baqer Nobakht said on Thursday.

Nobakht said Iran experienced 11.5 billion dollar investment in 2016 which brought also knowledge and technology to the country.

He added that removal of sanctions provided abundant opportunities for promotion of country’s economy.

Despite limitation of financial resources, the government did its best to activate the industrial units affected by the sanctions, the official noted.

He said Iran experienced 6.5 percent economic growth in the first half of the current Iranian calendar year (started March 20, 2016).

The International Monetary Fund and World Bank have confirmed Iran’s economic growth and the sustainability of country’s economy in the region, Nobakht added.

Referring to effects of decrease of oil price on the regional countries, including Saudi Arabia and Kuwait, he said according to the IMF reports, Iran’s economy is now more powerful than those of Australia, Netherland and the UAE.