In addition to citizens from the newly included countries, the tourist visa has been extended to seven other categories
gulf7 hours ago
“Germany has invested $445 million for the construction of the Pareh-Sar combined cycle power plant in northern Iran, while the UAE has invested $720 million to build a gas power plant in Isfahan and a combined cycle power plant in Shiraz,” a report released by Iran’s ministry of energy said.
Iranian Minister of Economic Affairs and Finance Shamseddin Hosseini said recently that Iran has attracted billions of dollars of foreign investment despite the global recession.
“Iran ranked sixth in attracting foreign investment in spite of the fact that foreign investments witnessed a 35 per cent ... decline globally,” local Iranian media quoted Hosseini as saying .
Iran will account for around 17 per cent of the Middle East and Africa regional power generation within the next four years, according to a recent market study.
Hosseini said that Iran attracted foreign investments worth over $3 billion in 2009, an increase of 87 per cent compared to 2008.
Last month, Deputy Minister of Economic Affairs and Finance Behrouz Alishiri said foreign investment in Iran has risen from $900 million in 2007 to $3 billion in 2009.
Iran’s foreign investment law encourages and supports foreign investments in power sector on build-own-operate (BOO) and build-operate-transfer (BOT) basis.
There are currently, 54 power plants in the construction phase in Iran with a capacity to produce 34, 129 megawatts of power involving an investment of $19 billion on BOO basis, while contracts for five plants with a capacity of 4,267 megawatts have been awarded to private firms. The total investment for these plants is expected to be to the tune of $2.4 billion.
In addition to citizens from the newly included countries, the tourist visa has been extended to seven other categories
gulf7 hours ago
Al-Najjar, one of the three hospitals in Rafah, is no longer functioning due to the ongoing hostilities in the vicinity and the military operation in Rafah
world8 hours ago
The tweet also informed people of the different details that a single ID card can provide
gulf8 hours ago
Airport expected to increase its capacity to 25 million passengers annually by 2027
aviation8 hours ago
Core taxi segment revenue up 15% year-on-year
business8 hours ago
The precious metal has climbed approximately 12% this year
business8 hours ago
Since last month, many residents have resorted to expensive alternatives like taxis, while others endure significantly longer travel times
uae9 hours ago
In authorised school buses, drivers and nannies are trained to conduct thorough checks of the bus before locking and leaving it
uae9 hours ago