National Development Fund of Iran
|Iran||US$ 62 Billion||Origin: Oil & Gas|
Transparency Rating: 5
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Firm Investment Style: Mixed
Entity Structure: Fund
Pop Est.: 76.42 million – 2012
No.25 Gandhi St.
The National Development Fund of Iran was established based on Article 84 of the Fifth Economic, Social and Cultural Development Plan of the Islamic Republic of Iran. The assets of the NDFI are owned by the country. The fund is governed by a board of trustees. Investment decisions are managed by a managing board. The fund is not part of Iran’s Ministry of Finance.
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.
Background on National Development Fund of Iran