World  Business and Economic Analysis 


  • Iran, Japan to boost oil cooperation




    Deputy oil minister has announced that Japan’s Mitsui Company is eager to cooperate with Iran and company may have an active participation in Iran's petrochemical sector.

    The Japanese possess deep roots of collaboration with the Iranian oil industry, especially in petrochemical areas where construction of Imam Port Petrochemical marked the successful experience of partnership between the two sides.

    Following implementation of the Joint Comprehensive Plan of Action (JCPOA) and the removal of sanctions against Iran, Japan expressed willingness to increase oil purchase and investment in Liquid Natural Gas (LNG) as well as upstream oil industry and Japanese reputable companies like Mitsui requested participation in Iran's petrochemical industry.

    Zamaninia, while speaking at a meeting with Executive Director for the Middle East, Europe and Africa Division of Mitsui Company Atsushi Kome underlined necessity of cooperation with Japanese companies in upstream and downstream sectors of oil, gas and petrochemical industry in post-JCPOA arena adding “in view of brilliant background of Mitsui Company in petrochemical sector, the company may have active participation in Iran's petrochemical industry projects.”

    He went on to underline that Iran's petrochemical industry requires 80 billion dollars of investment for next 10 years, “we hope that the company would opt for joint venture investment with Iran.”

    The Japanese director said that “Iran has an important position among countries of the region and cooperation with Iran is extremely momentous for Japan.

  • Iran, New Zealand FMs urge enhanced economic relations


    The foreign ministers of Iran and New Zealand on Sunday emphasized the importance of expanding bilateral relations, particularly in the economic sector.

    Iranian Foreign Minister Mohammad Javad Zarif, who had arrived in New Zealand a day earlier on the fifth leg of his Asia-Pacific tour, held a meeting with his New Zealand counterpart Murray McCully in Wellington.

    Zarif said Tehran is ready to take major steps to expand ties with Wellington in all fields, while McCully, for his part, said Iran plays a leading role in finding ways to settle regional issues.

    In another meeting with Iranian nationals residing in New Zealand on Sunday, Zarif called on the nationals to make use of opportunities created after the removal of sanctions against the country.



    Zarif said it was actually the Iranian people who made the sanctions fail, adding, “Resistance and wisdom of the [Iranian] nation proved that no Iranian individual should be threatened.”

    On February 19, New Zealand lifted its sanctions against Iran following the implementation of Tehran’s nuclear agreement with world powers, dubbed the Joint Comprehensive Plan of Action (JCPOA).

    On January 16, Iran and the P5+1 group of countries — the United States, France, Britain, Russia and China plus Germany — started to implement the JCPOA which was reached between the two sides on July 14, 2015, following two and a half years of intensive talks.

    After the JCPOA went into effect, all nuclear-related sanctions imposed on Iran by the European Union, the Security Council and the US were lifted. Iran, in return, has put some limitations on its nuclear activities.

    Zarif arrived in New Zealand after he wrapped up his official two-day trip to Thailand, where he participated in the 14th Asia Cooperation Dialogue (ACD) Ministerial Meeting.

    He also met with senior Thai officials, including Prime Minister Prayut Chan-o-cha and Foreign Minister Don Pramudwinai.

    The Iranian minister started his six-nation tour on March 6 and paid visits to Indonesia, Singapore, Brunei and Thailand. At the end of his trip to New Zealand, he is scheduled to visit Australia on the last leg of his tour.

  • Iran, Russia, Iraq and Syria to fight financing of Daesh together

    The 2nd meeting of quadrilateral coalition of Financial Intelligence Units of Iran, Russia, Iraq and Syria in the sphere of fighting against financing of ISIL (ISIS, Daesh) terrorist organization held on 23 April 2016 in Tehran, Iran. This meeting follows the previous meeting held in Moscow, Russia in February 2016.
    This meeting aimed at detecting and suppressing financial flows linked to ISIL and was highly successful in strengthening cooperation in fighting against financing of this terrorist organization. This type of collaboration among four FIUs could be a good symbol of international cooperation in fighting against terrorist financial at practical manner.

  • Iran, Turkey sign MoU on banking coop.



    To reach a trade volume of $30 million by the end of 2017, Iran and Turkey started a joint committee on banking relations.

    The first meeting of Iran-Turkey joint committee on banking relations was held on Wednesday in Tehran, announced the Central Bank of the Islamic Republic of Iran in a communiqué on Thursday.

    Hassan Yaghoubi, Director of International Relations Department at the Iranian Central Bank's International Affairs Office headed the Iranian side of the meeting and Mehmet Taşkin, the Deputy Executive Director at Central Bank of Turkey was the top figure of the Turks in the meeting.

    During the meeting, the two delegations discussed the ways to remove obstacles ahead of the banking relations of the two countries, the use of local currency for trade, connection of the switch cards of the two countries, and continuation of the bilateral talks in the next three months.

    The agreements reached in talks between the two sides was signed by the two sides in the form of a banking Memorandum of Understanding.

    The signed MoU is in line with the terms of cooperation agreed by the presidents of the wo countries who have set the goal to reach a trade volume of more than $30 million by the end of 2017.

    The next meeting of the committee is set to be held in Turkey in late February.

  • Iran, UK Ink MoU on Renewable Energy Cooperation


    Iran and Britain signed a memorandum of understanding (MoU) on cooperation in the field of renewable energies.

    The MoU was signed between the Renewable Energy Organization of Iran and Britain's Solar Energy Companies Consortium in London on Saturday.

    On the basis of the MoU, the British consortium will supply electricity to Iran and some other regional countries by means of utilizing solar energy through sharing solar technology and providing financial assistance.

    In a relevant development on Thursday, Iranian Energy Minister Hamid Chitchian announced his country's readiness for investment by the UK firms.

    "Iran is ready to accept investment by British companies in the field of water industry and management," Chitchian said in a meeting with a group of British industrialists and businessmen in London.

    He said that Iran needs at least $12 billion of investment in its water and wastewater management sectors in the next five years.

  • Iran, UK ink railway transport MoU



    Iran and Britain have signed a Memorandum of Understanding (MOU) in the field of rail transportation.

    The cooperation agreement was sealed during the visit to London of Mohsen Pourseyyed Aghaei, the President of Islamic Republic of Iran Railways (RAI).

    The MoU, which seeks to develop Iran’s railway system through the exchange of knowledge and technology, was signed at the presence of RAI CEO and his British counterpart and emphasizes bilateral cooperation in the fields of process management, rail transportation systems as well as technical and technological management of railways.

    During his meetings with two executives of Britain’s Department for Transport (DfT) in London, Pourseyyed Aghaei referring to the steps taken for promotion of rail transport and movement of passengers and cargo in the country offering the English side unparalleled investment opportunities in the sector.

    The British  side also pointed to the attractions of Iran for trade and economic cooperation voicing willingness to develop relations with the country in the area of rail transportation.

    The MoU was signed as a follow up to the visit of Britain’s Deputy Minister of State at the Department for Transport Robert Goodwill earlier this year.

    During Goodwill’s visit to Tehran, further cooperation between Iran and the UK especially in the field of rail transport and high-speed trains as well as in airports and aviation infrastructure was emphasized.

  • Iran: GDP per capita, Purchasing Power Parity



    The World Bank provides data for Iran from 1990 to 2014. The average value for Iran during that period was 13605.34 U.S. dollars with a minimum of 10173.68 U.S. dollars in 1990 and a maximum of 17949.24 U.S. dollars in 2011.

  • Iran: One Of The Most Attractive Emerging Markets?


    By Rupert Hargreaves

    According to Sturgeon Capital, the firm that started up in December with the goal to invest exclusively in Iran, falling interest rates are the “single biggest catalyst” for an equity market rally in the country.
    Iran: One of the most attractive emerging markets?

    As reported in the Bloomberg Brief Hedge Fund newsletter, Sturgeon believes that Iran is one of the most attractive emerging markets out there today, and the country’s sky-high interest rates of 21% leave plenty of room for further monetary easing.

    Sturgeon Capital Inagural Report On Iran Strategy

    Iran’s central bank has become more hawkish in recent months. The country’s inflation rate, which hit a high of 40% in 2013, has fallen to 12.6% in the 12 months ending February 19 and now that sanctions against the country have been lifted inflation should fall further. Interest rates should soon start to reflect this disinflationary trend.

    According to Clemente Cappello, founder of the London based Sturgeon:

    “We expect them [interest rates] to go down gradually to higher single digits. That should provide a big boost for the stock markets because it means your cost of capital is going down, it means the interest rates you’re getting from bank deposits will be reduced and therefore, it makes the stock market comparatively more attractive.”

    To play the falling interest rate trend, Sturgeon is focusing on small-cap, family-owned companies in Iran’s industrial and consumer sectors, which have strong export potential.

    A great example is the glass sector. The main cost inputs for Iranian glass companies are labour, energy and sand — all of which are in abundant supply in the country. Other examples of companies the fund is interested in are; a utility company that services the petrochemical sector; an Internet provider, a payment processing company and; a vegetable oil producer.

    Now that sanctions against the company have been lifted, Sturgeon’s investment universe has widened from 50 to all 600 companies listed on the Iranian stock exchange – that total excludes four entities controlled by Iran’s Revolutionary Guard Corps.

    With Sanctions Gone, Is Iran A Hot Investment Destination?

    According to Bloomberg Brief, Greylock Capital Management is also bullish on the outlook for Iran’s stock market as foreign investors and multinationals flock back to the country after last year’s historic nuclear deal.

    According to Greylock’s CEO and chairman, Hans Humes, who traveled to Iran in June, the biggest opportunities for investors are Iran’s energy, infrastructure and corporate services markets where investment opportunities may be worth “multiple tens of billions” of dollars in the next five to ten years, assuming political stability.

    However, there are risks and some are more skeptical. Recent actions by Iran may give one a reason to be a bit more hesitant from either an ethical and/or realist point of view.

  • Iran's untapped market for your business


  • Iran's Economic and Human Capital Development Challenges :Factsheet


    Iran equally benefits from its large market size (20th), which enables businesses to reap economies of scale in the domestic market; this advantage could be further strengthened by removing barriers to trade, which shield the country from foreign competition

    Lower tariffs (135th) and more foreign ownership (139th) would also raise the efficiency of markets for goods and services (98th)

    Other priorities for reform include labor markets, which are among the most restrictively regulated worldwide (135th), reflecting high brain drain (109th) and incentive structures that are not based only on meritocracy (121st for reliance on professional management and 111th  in terms of the link between pay and productivity)
    Female participation in the labor market (126th) need to be improved; this will help reduce Iran’s high unemployment rate especially among the youth
    It will also be important to foster a more trustworthy and efficient financial sector (120th)

    The limited access to finance (129th) across different financial products as well as low confidence in the banking sector (114th) significantly limits private-sector growth in the country

    Improvements in productivity could also be achieved by leveraging the latest technologies available from abroad

    Presently, the capacity of Iranian firms to absorb new technologies is very low (116th) and access to these technologies is limited (123rd); progress could be achieved by fostering the use of mobile telephony (95th) and access to broadband (101st)

    Iran’s intellectual property rights needs further legal strengthening in order to foster  innovation, confidence in registering patents (80th) as well as protect companies interested in transferring technology to the country

    Improvements should be made in Iran’s education sector. While Iran’s education system demonstrates high quality in the math and sciences (41st), the quality of overall education (108th) in other areas need attention

    More modern technology and access to internet need to be made available to students (114th)

  • Iran's NIOC, Austria's OMV to sign long term crude oil contract


    The OMV group, the international, integrated oil and gas company headquartered in Vienna, is negotiating for a long term contract of crude oil with National Iranian Oil Company.

    “Iran’s oil export to Austria has kicked off through spot contracts,” said Seyed Mohsen Ghamsari, Executive Director for International Affairs at National Iranian Oil Company (NIOC), when asked about the latest status of Iran-Austria oil trade and the agreements signed with the OMV group, an integrated international oil and gas company headquartered in Austrian capital city of Vienna.

    The official announced that so far a cargo of 1 million barrels of crude oil has been delivered to the OMV group and concurrently the talks for signing a long term contract of oil sale to the Austrians are underway.

    “No final agreement has been reached yet,” reiterated the board member of the National Iranian Oil Company (NIOC), “hence no volume of oil trade for the long term contract has been agreed upon.”

    Two weeks ago, the OMV group announced that the company has received an Iranian cargo of 1 million barrels of crude oil at Italian port of Trieste. 

  • Iran's oil minister says U.S. companies are welcome to invest in the oil and gas industry


    Iran's oil minister says U.S. companies are welcome to invest in the oil and gas industry
     In this Nov. 17, 2015 file photo, Iranian Oil Minister Bijan Namdar Zanganeh listens to a question during a press conference in Tehran, Iran. State-run Press TV quoted Zanganeh Sunday, March 13, 2016, saying that U.S. companies are welcome to invest in Iran's oil and gas industry. The TV report said Zangeneh also asked the German company Siemens executives to invest in Iran's oil and gas industry. (AP Photo/Vahid Salemi, File)

    U.S. companies are welcome to invest in Iran's oil and gas industry, the Iranian oil minister said on Sunday.

    State-run Press TV quoted Bijan Namdar Zangeneh as saying that "in general, we have no problem with the presence of American companies in Iran."

    He said it is the U.S. government that is "creating restrictions for these companies," without elaborating. Zangeneh also confirmed that Iran's state-run oil company has held talks with General Electric.

    "Of course, my deputy conducted these negotiations and when I inquired about them, it was said that the talks were positive," he said.

    The TV report said Zangeneh also asked Siemens executives to invest in Iran's oil and gas industry.

    "The German company must come to Iran to build equipment and parts needed in our oil industry and manufacture them here," he said.

    All sanctions related to Iran's nuclear program were lifted in January under a landmark agreement reached with world powers, but the U.S. maintains separate sanctions related to Iran's ballistic missile program and its support for State Department-designated terrorist groups.

    Iran is trying to regain its share of the global petroleum market after the removal of sanctions.

    Saudi Arabia, Russia, Venezuela and Qatar floated the idea of a production cap last month with the aim of boosting global oil prices, but it was conditional on other producers joining in. Iran, which is eager to jumpstart its oil industry, has so far resisted.

    Zangeneh dismissed the idea of a production freeze by Iran as "a joke", according to the TV report. He said Iran will take part in discussions on a possible oil production freeze after its output reaches 4 million barrels per day.

    "As long as we have not reached 4 million bpd in production, they should leave us alone," Zangeneh said.

    Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

      Source:   Associated Press

  • Iran's Overseas Exhibitions Calendar (from March 2016-March 2017)




    Exhibition Title

    81st THESSALONIKI INTERNATIONAL FAIR 10-18 Sep. 2016    
    6th International Exhibition for Infrastructure & Industrial Projects (INFRA OMAN) 10-12 Oct. 2016    
    SIAL 2016- International Food ProductS Exhibition 16-20 Oct. 2016    
    International Building Trade Fair- SAIE 2016 19-22 Oct. 2016    
    43rd International Fair Baghdad - Iraq 1-10 Nov. 2016    
    The I.R of Iran Solo Exhibition, Rome-Italy 22-26 Nov. 2016    
    The I.R Of Iran Solo Exhibition,Nairobi-Kenya 3-6 February 2017    
    The I.R of Iran Solo Exhibition,Muscat -Oman 23-27 Jan. 2017    
    24th for Food,Beverages and Food Raw Materials, Moscow-Russia (PRODEXPO 2017) 6-10 Feb. 2017    
    The I.R Of Iran Solo Exhibition,Baghdad-Iraq 15-18 Feb. 2017    
  • Iran's Potential for Economic Growth

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    Iran’s population of over 74 million people composes 1.09% of the world’s population; Iran has the second largest population, after Egypt, in the Middle East and North Africa region

    The Islamic Republic of Iran, is a resource-rich and labor-rich country; new mineral wealth is being discovered each year, and a large part of the country is still unexplored:

    Ranks seventh in mineral wealth; among the world’s top three holders of proven oil and natural gas reserves; possesses 10% of proven global petroleum reserves with an estimated 137.6 billion barrels of proven oil reserves; possesses about 18% of the earth’s natural-gas deposits, ranks as the world’s second holder of proven gas reserves after Russia with an estimated proven natural gas reserves at 1,045 trillion cubic feet (Tcf),

    OPEC’s second-largest producer and exporter after Saudi Arabia

    In the soon-to-come era of natural gas dominance over oil, Iran will oust Saudi Arabia as the world’s beating heart for energy
    Strategic location, surrounded by 15 land and sea neighbors, can serve as a lucrative trade and transit route in both north-south and east-west directions

    Abundant natural and human resources would be magnets for foreign direct investment if a hospitable business climate and sufficient incentives should prevail

    Variegated climate and favorable topography allow for a rich agriculture under conducive policies

    The minimal infrastructure needed for growth and development (roads, railroads, air and sea ports, modern communications) is already in place to promote and sustain growth under proper maintenance

    According to a report published by Goldman Sachs, Iran has the strong possibility of becoming one of the world's largest economies in the 21st century
    The country has a young and steadily urbanizing population:
    65% of the population is under the age of 30
    68% live in urban settings

    Iran is the fastest growing country in terms of numbers of scientific publications in the world, growing from just 736 in 1996 to 13,238 in 2008

    The Government is committed to a “comprehensive plan for science”, including boosting R&D investment to 4% of GDP by 2030 (it stood at just 0.59% of GDP in 2006)

    Considered the region’s most “wired” nation, with more than one-third of its 74 million people having access to the Internet
    Health outcomes in Iran have improved greatly over the past twenty years and now generally exceed regional averages; key to this success has been the Government of Iran’s strong commitment to and effective delivery of primary health care

    Health outcomes in rural areas are almost equal to those in urban areas, with outcomes in terms of infant and maternal mortality nearly identical between urban and rural areas.

    Among 169 countries, the Islamic Republic of Iran has been ranked 70th in terms of Human Development Index (HDI) according to the United Nations' report on 2010 Human Development Index (HDI)





  • Iran's three-month economic growth hits 2%


    Iran's economic growth hits  at two percent in the three month from December 22 to March 19 which corresponds to the last quarter of the previous Iranian year, said government spokesman Mohammad Baqer Nobakht at a press conference in Tehran.

    He said, the figure includes  oil revenues, but with the exclusion of oil, the growth rate stood at 1.6 percent," Nobakht said.

    Iran's crude export started to rise in January when the sanctions were lifted.

    Nobakht explained that in the agriculture sector, growth improved from 3.3 to 5.5 percent compared to the rate for the preceding quarter.

    During the same quarter, the rate for the industrial sector jumped from -4.4 percent to 0.6 percent, with industry and mining subdivision surging from -1.3 to 3 percent and the mining subdivision from -7.3 to 9.9 percent, he added.

    Growth in the oil and gas extraction sector grew to 16.5 percent against the figure for the preceding quarter which was -9 percent.

    "Growth in the group of other mines plunged from -2.7 to -7.5, however," he said, adding, "The water, electricity, and natural gas sectors improved from -1.1 to 7.9 percent.

    "Housing improved from -21.7 to -16.5, services from 0.4 to 0.8, wholesale, hotels and restaurants from 0.3 to 1, and business from 0.6 to 1 percent."

    Nobakht added that growth in the education, health, and social assistance sectors improved from 7.7 to 8.8 compared to the previous three-month period.

    Iran's GDP (including the oil sector) will reach $386.1 billion in 2016, the International Monetary Fund (IMF) forecast in April.

    The country's current-year economic growth is predicted to hit around five percent.

  • Iran’s 7-month car output up 26.2% y/y


    Iranian car makers manufactured 691,581 vehicles in the first seven months of the current Iranian calendar year (March 20-October 21), showing 26.2 percent rise compared to the same period of time in the preceding year, ILNA reported quoting Sasan Qorbani, the spokesman of Iran’s Auto Policy-Making Council, as saying.

    Iran is scheduled to manufacture 1.35 million of cars by the end of the current calendar year (March 20, 2017), Deputy Minister of Industry, Mining and Trade Mohsen Salehinia announced in early April.
    As Salehinia underlined, the government seeks to improve the quality as well as the quantity of the domestically produced cars on the way to boost their exports.

  • Iran’s crude oil price closes near $45


    Iran sold light crude oil at $44.60 per barrel in the week ended on May 27, a 9-cent rise from its previous week, World Business Year reported .

    The country’s light oil price stood at $34.5 on average since the beginning of current Iranian calendar year (March 20, 2016).

    Also, Iran sold heavy crude oil at $42.39 in the mentioned week, with 6 cents increase from its preceding week.

    The country’s heavy oil price stood at $32.05 on average since the start of this calendar year.

    Meanwhile, Organization of Petroleum Exporting Countries (OPEC)’s basket price rose to $44.65 per barrel on average in the week ended on May 27, with 11 cents increase from its preceding week.  

    Iran, once OPEC’s second-largest producer after Saudi Arabia, is seeking to clear space for its gradual return to the market now that the sanctions are being lifted against the country.

    In the 169th (ordinary) OPEC meeting in Vienna on June 2, Iranian Oil Minister Bijan Namdar Zanganeh announced that the Islamic Republic plans to increase oil production to 4.8 million barrels per day (bpd) in 5 years and return its pre-sanctions share of 14.5 percent in OPEC.


  • Iran’s debt to Hermes cleared



    Iran paid its debt to the German Euler Hermes credit institution, Islamic Republic’s ambassador to Berlin said, IRIB news reported on Sunday.

    “There are no more barriers on the way of German banks and companies’ cooperation with Iranians,” Ali Majedi said, “and the company will offer insurance to Iran as of Tuesday.”

    As reported, Iran owes Germany about €500 million ($578.90 million) under so-called Hermes covers.

    Hermes cover is a common way of referring to an export credit guarantee (ECG) by the German government. These guarantees are an important part of German foreign trade policy and protect German companies in the event of non-payment by foreign debtors. The export credit guarantees of the Federal Republic of Germany offer an array of insurance options which are mainly targeted at exports to developing countries and emerging markets.

    Iranian banks and companies faced difficulties for transferring money during the sanctions’ era and foreign credit insurance agencies had to cover Iranian banks’ and companies’ due payments and now the government  has to settle all the outstanding debts to foreign firms.

    Debts to foreign insurers like Sace and Coface and Hermes had stopped them from opening new credit lines for Iran.

  • Iran’s Market Brokerage Industry Annual Trading Report



    Iran’s Market Brokerage Industry Annual Trading Report
     In the last Iranian year, ended 19 March 2016, out of Tehran Stock Exchange’s 107 member brokerage companies, 99 firms provided on-line trading access.


     In the last Iranian year, ended 19 March 2016, out of Tehran Stock Exchange’s 107 member brokerage companies, 99 firms provided on-line trading access.

    The Exchange’s total trading turnover exceeded IRR 947,000 billion in the period, 27% of which was executed through on-line mechanism, which was initially launched in 2010. More than 33% of total on-line trading was related to 5 top brokerage firms: Mofid (22.6%), Bank Keshavarzi (2.9%), Agah (2.6%), Bank Saderat (2.45%) and Mobin Sarmayeh (2.45%). Aggregated on-line trading turnover surpassed IRR 231,000 billion, which amounted to 24.4% of total trading value.

    Top 5 brokerage firms in terms of total trading turnover in the last year include Mofid (6.58%), Khobregan Saham (4.22%), Bank Saderat (3.43%), Saba T’amin (3.35%) and Behgozin (3.27%).

  • Iran’s railway sector with huge potential for Investors




    Iran’s railway sector is exciting with a lot of potentials for foreign exhibitors participating in Iran’s 4th International Exhibition of Rail Transportation, Related Industries and Equipment, dubbed RAILEXPO 2016 (running from May 15 to 18 in Tehran).

    Firdavsi Nuraliev, the export sales manager of Lukoil Lubricants Middle East, the branch of Russian Lukoil Lubricants Company for the Middle East market, believes that the removal of sanctions will facilitates everything for business in Iran.

    “We always eager to enter the Iranian market as it is one of the main markets in the Middle East,” he stated.

    “We will enter the Iranian market in several stages. The first stage is to have a specific part of Iranian market on which we could trust. It will be achieved through producing the high quality of our products to the Iranian customers so that the demand will be increased, and then in the next stage we want to produce our products inside Iran,” the manager explained.

    He mentioned high tax and customs duties Iran set for the foreign products entering the country as a downside for business in the Islamic Republic, although he said that it will be  temporary and will be resolved as the Iranian government plans to establish free trade zones in the country where taxes are exempted or lower.

    Wolfgang R. Fally, the CEO of Germany’s Robel Company, a specialist for railway construction equipment and machinery, believes that there is no downside for activity in the Iranian market rather than local workers require some training to work with modern equipment.

    “Experience of the workers here with the machines is a bit different from that of European ones. Maybe that is something that modern equipments are getting more complicated. You need the skill in the future to work with them. So it’s on us to provide more service and education and training to the operators of the machines,” he explained.

    Speaking about the upside of business in Iran, the German manager stated, “As we have a long-term partnership with our agent here, for many years we are in close contact with the Iranian market. It is a huge market. Of course, that is very good for us. Especially in the urban areas I think there is a lot of potential, because you have big cities here.”

    Asked if his company has any plan for transfer of technology to Iran, he said, “At this moment it should be convinced that our products are the right ones [for the Iranian market] and if the volume [of sales] gets bigger and if there is interest from the customers’ perspective, it’s an option of course to localize something here with our partner.”


     ‘Iranian market exciting with many upcoming projects’

    Thierry Metrat, the product manager in Spain’s Pfisterer Company, a provider of solutions for railway electrification, said, “The Iranian market is very exciting, because there is big potential especially for railway electrification. There are many projects for the next years, so we are very happy to be here.”

    “The political situation [in Iran] is now very good. It’s much better than before because countries are more open regarding what happened in the last months [sanctions removal],” the Italian manager noted.


     ‘Iran’s railway sector awaits lots of investment’

    Fabrizio Maggioni, the sales manager of the Italian railway company Mont-Ele, highlighted, “We believe Iranian market is attractive because we know that in the future there would be a lot of investment in the sector, both for railway and also for urban transportation system.”

کتاب عملیات بانکی در عرصه بین الملل -سرفصل ها،ضمائم ،توصیه صاحب‏نظران ارزی و مدیران ارشد بانکی

Investment Consulting &Project Finance


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