World Business and Economic Analysis
World Business and Economic Analysis
Iran's minister of roads and urban development believed that the willingness of world's major firms to invest in Iran following a lasting nuclear deal between Tehran and world powers.
Abbas Akhoundi further explained industrialized and developed countries have expressed willingness for presence and investment in Iran in various fields, including aviation industry, railways and high-speed trains.
He added the increase in demand for contributing to the Islamic Republic's projects shows that the grounds have been set for more business interaction between Tehran and other countries following the removal of sanctions.
This will attract more funds from foreign firms, Akhoundi concluded .
On July 14, 2015, Tehran and the P5+1 (Russia, China, the US, Britain, France and Germany) finalized a comprehensive deal on Tehran's nuclear program and implemented it on January 16.
The comprehensive nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions on Iran.
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Some 110 foreign companies from Russia, Germany, Turkey, China, Italy, the Czech Republic, Bangladesh, and India are to take part in Iran’s 4th International Exhibition of Rail Transportation, Related Industries and Equipment, dubbed RAILEXPO 2016, Head of Iran Railroad Industries Association told reporters on Sunday.
According to Mohammad Hossein Qanbari, in a bid to encourage domestic and foreign companies’ participation, the Iranian government wishes to make Tehran RAILEXPO a hub of the regional railroad exhibitions.
As reported, the exhibition will be held at the Tehran Permanent International Fairgrounds from May 15 to 18, where besides the 110 foreign companies, 90 Iranian ones will take part.
The official underscored that this exposition focuses on recovering from effects of the draconian anti-Iranian sanctions, increasing the exports volume, localizing railway industry, and introducing new technologies to domestic railway companies.
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Iran says the United States has allowed Boeing Co. to have direct talks with Iranian airliners. | AP file photo
Associated Press
Iran says the United States has allowed Boeing to have direct talks with Iranian airliners after reports that a Boeing delegation will visit the country, the official IRNA news agency reported.
The report quoted Ali Abedzadeh, head of Iran’s Civil Aviation Organization, as saying “Boeing intends to launch its talks with Iranian companies with permission from the U.S. government.”
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Abedzadeh said Boeing has provided an Iranian airline with “some technical issues to upgrade flight safety.” He did not elaborate.
He also said Iran has “appropriate offers” from airplane manufacturers in Brazil, Canada and Japan for both leasing and selling airplanes to Iran.
On Friday, IRNA said a delegation from Boeing will visit the country to review “possible cooperation” with Iranian airlines. It said officials from Iran’s national carrier, Iran Air, and other Iranian airlines will meet the Boeing delegation.
In March Abedzadeh said Iran will likely sign an agreement to buy airplanes from Boeing. The Chicago-based airline manufacturer has denied repeatedly that it will sell airplanes on the visit, instead saying it will discuss fleet-planning options with Iranian officials.
Last summer’s nuclear deal between Iran and world powers has brought an end to international economic sanctions, allowing the Islamic Republic to upgrade its aging fleet of aircraft. Iran Air has already signed agreements to buy 118 planes from the European consortium Airbus and 20 more from French-Italian aircraft manufacturer ATR.
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