National Development Fund of Iran
|Iran||US$ 49.6 Billion|
Transparency Rating: 5
|Origin: Oil & Gas
Firm Investment Style: Mixed
Entity Structure: Fund
The National Development Fund of Iran (NDFI) allocates a portion of revenue earned from oil, gas, gas condensate and oil products to invest in country productivity, overseas investments, and create economic incentives for private economy development. The NDFI also aims to preserve the share of oil and gas resources and products for future generations.
|Strategy & Objectives
In 2012, the National Development Fund of Iran executed contracts with different financial institutions including the Bank of Industry and Mine, the Sepah Bank, and the Exports Development Bank to allocate US$ 9 billion to industry and mine, energy, cooperatives and agriculture. In addition, the government of Iran has allocated US$ 14 billion from the NDFI to oil projects in Iran.