Morteza Shahidzadeh was appointed as the new chairman of NDF’s executive board

Morteza Shahidzadeh was appointed as the new chairman of NDF’s executive board

Appointment of three members of the board of directors of National Development Fund

Appointment of three members of the board of directors of National Development Fund

Dr. Hassan Rouhani, the President of Islamic Republic of Iran and chairman of the board of trustees of National Development Fund issued a decree appointing three members of the board of executive directors of National Develop...

bilateral talks between Iran and Italy to form an investment fund of  2 billion $

bilateral talks between Iran and Italy to form an investment fund of 2 billion $

During the visit of the managing director of the Sovereign Wealth Funds of Italy to the Iran's National Development Fund (NDF), the two sides negotiated on a 2 billion USD fund joint investment.

Development Fund

National Development Fund of Iran is the manifestation of Iran’s political will and determination to move in a new direction. It was established in 2010 and has been enjoying a constant stream of revenues originating from oil and gas exports. With regard to assets under management NDFI ranks 21st among SWFs in the world. Regarding transparency ranking, NDFI has improved from 61 to 28 and considers transparency enhancement, along with good governance, ethics and international criteria as its lifelong targets and puts them top on its agenda.

The creation of a sovereign development fund in Iran dates back to 14 years ago, when Iran established an Oil Stabilization Fund (OSF) to shield the country against severe hard currency revenue fluctuations . NDFI, set up in 2010, is the result of experiences of OSF and in coexistence with OSF, is mandated to invest for sustainable development and decrease disparities among the regions of the country.

Mission

NDFI as a non-government public entity enjoys independently...

By Law

Enacted on 26 June 2012, by National Development Fund's Executive director’s with reference to ,...

Article of association

National Development Fund is established to turn some of the ,...

Investment Ethics

NDFI as a non-government public entity enjoys independently ...

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