On Tuesday, Iran’s Foreign Investment Council approved 53 new projects totaling $262 million, involving investments from 13 countries, including Iraq.

According to Iran’s Mehr News Agency, the meeting was chaired by Heidari, acting head of the Organization for Investment, Economic, and Technical Assistance of Iran. It included representatives from the Ministry of Foreign Affairs, the Central Bank, the Planning and Budget Organization, the Chamber of Commerce, Industry, Mines and Agriculture, the Iranian Cooperation Chamber, and several ministries and agencies such as Agriculture, Industry and Trade, Energy, Interior, Transportation and Roads, and the Secretariat of Free and Special Economic Zones.

The approved projects span a wide range of sectors, including:

- Manufacturing

- Renewable energy

- Solar power plant construction

- Automotive industry

- Mining

- Protected agriculture

- Pharmaceutical and healthcare industries

- Housing

- International logistics and transportation

- Industrial services

The organization stated that investment applications came from various countries, including the UK, Portugal, China, Thailand, Spain, Cyprus, the UAE, Turkey, Afghanistan, Pakistan, Iraq, Oman, and Iranian expatriates.

The statement also confirmed that the council holds monthly meetings to review foreign investment proposals. Since the beginning of the current Iranian calendar year, eight meetings have resulted in the approval of over 310 foreign investment projects worth more than $11.428 billion.