Iran Needs $250 Billion Investment in Sixth Development Plan

Iran needs $250 billion foreign investment in the sixth development plan in order to achieve the objectives of vision 2025, Mehdi Karbasian said.

Mehdi karbasian announced in the Sixth Iran Steel Market Conference, which opens today in Tehran, that we should try to attract $250 billion foreign investment during the five years to reach our goals.
After lifting the sanctions European countries are willing to invest in Iran. During the visit of president Rouhani to Italy and France several Memorandum of Understandings were signed. Also, Germany, Austria, Japan and India are interested in investment in Iran.
Steel industry is one of the necessary infrastructures and steel consumption is a development index for development of countries, Chairman of the board of IMIDRO said.
Karbasian elaborated opportunities and challenges of investment in Iran’s steel industry. He declared the 3 major development indexes in Iran steel industry. First, rich reservoirs in steel chain (open pit mines with nearly 3 billion tons reserves which will be increased 50% due to the future exploration projects) second, coal reserves and third, easy access to energy such as high seas, holder of 2nd international reserves of natural gas, skillful and experienced human resources.