News in Brief
Iran reports major rise in cargo transit via roads, railways
IRNA – Cargo transit in Iran through roads and railways has seen a major hike, the latest data showed.
Transit through roads in Iran accounted for 14.3 million tons last Iranian year (March 21, 2023 - March 19, 2024), marking a 54% surge compared to the preceding year (9.3 million tons), according to the latest statistics of the Iranian Ministry of Roads and Urban Development.
Of the 14.3 million mt of transit goods, 9.1 million mt was non-oil whereas 5.2 million tons was oil goods, the data indicated.
The highest number of incoming transits from Port of Shahid Rajaee and Parviz Khan border crossing is four and three million tons, respectively, and the highest number of outgoing transits from Parviz Khan is 2.6 million tons.
The transit of cargo through rails accounted for over 1.5 mt last Iranian year, registering a 10% rise compared to the previous year (over 1.4 million tons).
Of the nearly 1.6 million tons of transit goods, 1.275 million tons was non-oil goods while 295,000 tons was oil goods.
Two-year FDI hits $11.6b
Shana – Iran attracted $11.6 billion of foreign direct investment (FDI) in various sectors since the administration took office in 2021
Of the said figure, the share of the oil and gas projects has been $4.8 billion which means the oil industry accounted for 41 percent of the country’s total foreign investment in the two years.
After the oil sector, the industrial sector has had the highest rate of investment attracting, as during the two-year period, over $4.1 billion of FDI was attracted in the sector.
The industrial sector accounted for 35.3 percent of the total foreign direct investment.