United Nations Conference on Trade and Development (UNCTAD) announced in its recent report, published in June 2017, that Iran has attracted more than $3.37 billion — showing a 64-percent growth.
The UN agency announced that in 2016, the year which the sanctions on Iran were terminated, Iran could attract $3.372 billion, IRNA reported.
The report further said that foreign investment in Iran had declined for few years. However, in 2016, Iran enjoyed a 64-percent growth in attracting foreign investment.
In 2016, 37 international investment agreements were signed. Turkey topped the foreign investment table with seven contracts while Iran came second with three contracts.
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.
UNCTAD is part of the UN Secretariat. It reports to the UN General Assembly and the Economic and Social Council but has its own membership, leadership and budget. It is also part of the United Nations Development Group.
The Division on Investment and Enterprise of UNCTAD serves as the focal point for all matters related to foreign direct investment and multinational enterprises in the United Nations System.
It builds on more than four decades of experience and international expertise in research and policy analysis on investment and enterprise development, fosters intergovernmental consensus-building, and provides technical assistance to over 150 countries.