GENEVA – A proposed understanding between the United States and Iran is expected to include the establishment of a $300 billion private investment fund to support economic development projects in Iran, according to reports.
The fund is expected to become operational following the signing of a final agreement between the two countries. Reports indicate that more than half of the anticipated financial commitments have already been secured.
Investment is expected to be provided by private-sector entities from the United States, Gulf states, Asia and Africa, with no direct government funding envisaged under the initiative.
The reports further stated that the proposed investment mechanism would remain separate from Iran’s frozen assets, which are also expected to be addressed as part of a broader diplomatic process.
Separately, Switzerland’s Foreign Ministry confirmed that a ceremony for the signing of a proposed memorandum between Washington and Tehran will be held on Friday at the Bürgenstock Resort in central Switzerland.
Located near Lake Lucerne, the venue was selected for its security arrangements and privacy, making it suitable for high-level diplomatic engagement.
According to available information, the location was chosen following consultations involving mediators from Pakistan and Qatar, as well as representatives of both countries.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf is expected to lead Tehran’s delegation, while US Vice President JD Vance is reported to head the American side.
Officials have stressed that the memorandum will not constitute a final agreement. Instead, it is expected to initiate a broader round of negotiations aimed at easing tensions, establishing a framework for continued dialogue and working towards a long-term resolution of outstanding issues between the two countries.
