Tehran, (NNN-IRNA) : Deputy Minister and President of the Organization for Investment, Economic and Technical Assistance Mohammad Khazaei said that attracting $3.372b shows that foreign investment is flourishing in Iran.

UNCTAD wrote in its recent report, published in June 2017, that Iran has attracted more than $3.37 billion, showing a 64-percent growth.

The report also says that foreign investment in Iran had declined for a few years. But in 2016, Iran signed 3 international investment agreements and could get close to pre-sanction situation.

Mohammad said that in the last Iranian year (ending on March 20, 2017) Iran received an unprecedented number of foreign investment applications from which $ 10.4b were approved of and the necessary guarantees were issued.

He added the number shows a 55% growth compared to the previous Iranian year.

Throughout the eight-year period before President Rouhani foreign investment agreements had been signed with Eritrea, Djibouti, Burundi, Ghana, Kenya, the Comoros, Gambia, And Bissau Guinea.

And after the nuclear deal, the Joint Comprehensive Plan of Action (JCPOA) that was signed on July 14, 2014, Iran has signed agreement with Japan, Russia, Singapore, Slovakia, Luxemburg, Iraq, and Tanzania; also the agreements with Czech Republic, Croatia and Lithuania have been finalized and are ready to be signed, according to Khazaei.

He added that regarding the provinces that absorbed the investments, Eastern Azerbaijan, Western Azerbaijan, Esfahan, Tehran, Qazvin, Kerman and Razavi Khorasan have been more successful than others.

UNCTAD is a permanent intergovernmental body established by the United Nations General Assembly in 1964. Its headquarters are located in Geneva, Switzerland, and it has offices in New York and Addis Ababa.