Iran’s president says his country needs more than $100 billion in foreign investment

In this photo released by the Iranian Presidency Office, President Masoud Pezeshkian speaks in a live televised interview by state TV, at his office in Tehran, Iran, Saturday, Aug. 31, 2024. Iran’s president said Saturday his country needs some $100 billion in foreign investment to achieve an annual target of 8% economic growth up from the current rate of 4%., who was elected in July, came in his first live televised interview by state TV.

Hundreds of entities and people in Iran — from the central bank and government officials to drone producers and money exchangers — are already under international sanctions, many of them accused of materially supporting Iran’s Revolutionary Guard and foreign militant groups such as Hamas, Hezbollah and the Houthis.

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Iran’s president says his country needs more than $100 billion in foreign investmentIran’s president has said his country needs about $100 billion in foreign investment to achieve an annual target of 8% economic growth. The remarks by Masoud Pezeshkian, who was elected in July, came in his first live televised interview by state TV. Experts say growth in GDP of 8% would reduce double-digit inflation and unemployment rates.
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