within the next four years (2010–14). The Economist estimates that FDI (net inflow) in Iran was $1.4 billion in 2011 (equivalent to 0.3% of GDP) down from $3.2 billion in 2010. The report forecasts this figure for 2012 to fall to $1.25 billion, but increase again for the next 3 years and to reach $1.8 billion in 2015. The Government of Iran says planned FDI in 2011 was $4.3 billion and planned FDI will reach $8–10 billion in 2012–13. However, UNCTAD later reported that FDI inflow in Iran was $3.05 billion in 2013, while Iran's FDI in other countries (i.e. outflow FDI) was $380 million. Bushehr Province and Khuzestan Province enjoy the highest volume of foreign investment which mostly goes for oil and gas sectors. In 2012, the provinces of Fars, Gilan, Tehran, Kerman, Mazandaran and West Azerbaijan ranked first to sixth place in attracting foreign investment in the country. According to the government of Iran, Iran needs up to $300 billion in foreign direct investment to meet the objectives of its Five-Year Economic Development Plan (2010–2015), and reach eight percent economic growth rate. Turning to "Vision 2025", the plan has set an investment target of $3.7 trillion within two decades (2005–2025) of which $1.3 trillion should be in the form of foreign investment. Companies The Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) is responsible for receiving and processing all foreign investment applications. OIETAI is also responsible for approving overseas Iranian investments. In other words, the organization is in charge of consolidating and implementing two-way foreign investment flows. According to Iranian President Rouhani cooperation with Iran is on the condition that foreign companies participate in joint investments, technology programs, and exporting from Iran. As at 2012, 400 foreign companies are directly investing in Iran. Among developed nations, the most active investors have been Germans, Norwegian, British, French, Japanese, Russian, South Korean, Swedish, and Swiss companies. The Swedish Svedala Industri has played a major role in developing Iran's copper mines since the late 1990s while Tata Steel of India has been investing in the steel sector. The Kia, Nissan, Peugeot, and Renault of France auto companies have licensing agreements with Iranian auto manufacturers. Danone of France, Nestlé of Switzerland and Coca-Cola and Pepsi-Cola of the United States have joint ventures with Iranian companies. Total, Statoil, Shell, Gazprom, and Lucky Goldstar of South Korea have been active in Iran's