Iran’s president has said his country needs about $100 billion in foreign investment to achieve an annual target of 8% economic growth.

Iran's President Masoud Pezeshkian stated the country needs $100 billion in foreign investment for an 8% economic growth target. Emphasizing its importance for reducing inflation and unemployment, Pezeshkian's diplomatic visits to Iraq and the US aim to attract investment,

The proclamation from the Iranian president came in his first live televised interview by the country’s state TV after he won the presidential race in July this year

Iran’s hardline parliament has endorsed the cabinet proposed by reformist President Masoud Pezeshkian, an important victory for the new head of government and a moment of national unity as the Islamic Republic faced mounting foreign and domestic challenges.