Over half of the $300 billion fund aimed at driving capital into Iran has been pledged by international businesses under a new framework agreement.
A framework agreement between the US and Iran to end hostilities includes a $300 billion private investment fund to channel capital into Iran. The fund has already secured pledges for more than half of the total amount from international businesses.
The deal aims to support economic development in Iran following the resolution of long-standing tensions. No prior comparable fund or investment vehicle of this scale has been reported for the region.
Markets have yet to react significantly to the announcement, as details remain preliminary.