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Why should I invest in Iran

Iran qualifies from many respects to be a good location for investment and doing business. it has huge potential for investing after the termination of economic sanctions, Some of the features are highlighted below:
1. Vast domestic market with a population of 80 million growing steadily 2. Young, educated and cheap labor force 3. Excellent strategic geographical position 4. The quick and easy access to neighboring markets with a population of 350 to 400 million 5. Developed and ready infrastructure 6. Cheap and abundant raw materials, energy and transportation 7. The four-season climate and climate variability in the country 8. Fiscal incentives 9. Security and political stability 10. Untapped and consumer market ..

Bulgaria Signs Deal to Invest in Iran’s Solar Energy Projects

Bulgaria: Bulgaria Signs Deal to Invest in Iran's Solar Energy Projects

A Bulgarian company signed a Memorandum of Understanding (MoU) with Iran to develop solar photovoltaic infrastructure in the Iranian central city of Jahrom, Xinhua reported.

“The first investment agreement in the Jahrom Special Economic Zone has been signed with Solar & Benefit Corporation (Bulgarian renewable power developer) to build a photovoltaic power plant,” said Alireza Sahraeian, the governor of Jahrom.
The official did not specify the plant’s capacity or the value of the investment, but said the deal is to meet the electricity demand of a population of 230,000 in Jahrom.

“The agreement is to provide part of the country’s power needs and to boost supply stability in the region through renewable energy resources,” he said.
Jahrom is approximately 200 km off the Persian Gulf coast and 800 km south of the capital Tehran.

Solar & Benefit will be compensated for 20 years at a price of 15.2 euro cents per kilowatt hour. The Bulgarian enterprise operates through its local company Solar & Benefit Persia.

The Sofia-based company plans to develop power projects in Iran with a total output capacity of 400 megawatts in collaboration with Grass Group, a German solar energy EPC contractor.

If Interested to Invest in Iran’s Solar Projects You Can Contact Us :

 

Turkish trucks cross the border into Iran.
Turkish trucks cross the border into Iran.

Iran has announced an increase of 13 percent in truck transit activities through its territory in what could be a sign of the significance of the country’s location in regional trade.   

Iran’s Customs Administration in a statement said about 542,000 trucks had crossed the country’s border checkpoints points over a period of nine months starting 21 March 2017 – the start of the Iranian calendar year.

The figure, the statement added, was higher than the similar period last year by 13 percent.

The trucks were carrying goods belonging to over 100 countries, the Customs Administration added in its statement as reported by Iran’s domestic media.

It added that the volume of cargos transited through the Iranian territory over the same period had also increased by 13 percent in weight to reach as high as 8.2 million tonnes.

In September, Iran announced a surprise rise of around 24 percent in transit of goods through its territories over a period of five months starting 21 March 2017.

Figures released by Iran’s Road Maintenance and Transportation Organization (IRMTO) showed that above 4.17 million tonnes of goods had been moved through 32 active land and maritime borders over the period.

The IRMTO further added in a statement as reported by Iran’s media that Shaheed Rajaei Port in the southern city of Bandar Abbas remained Iran’s most important port through which 35 percent of the country’s total trade activities had taken place.

The next key transit points were Parviz Khan and Bazargan checkpoints that respectively open to Iraq’s Kurdistan region and Turkey’s east.

The bulk of goods transported through border points included non-oil products such as fuel oil, textiles, auto parts and food products at a total volume of 2.78 million tonnes.

Iran and Italy have signed a major framework credit agreement worth €5 billion which Tehran says is the biggest ever such agreement signed with a European country.  
Iran and Italy have signed a major framework credit agreement worth €5 billion which Tehran says is the biggest ever such agreement signed with a European country.  

Iran and Italy have signed a major framework credit agreement which will be used to provide funds for development and industrial projects in the Islamic Republic.   

Italy’s Economy Ministry in a statement to media put the value of the agreement at €5 billion ($6 billion) and said it was signed in Rome between Bank of Industry and Mine and Middle East Bank of Iran, and the investment arm of Italian state-owned holding Invitalia.

The money will be used for projects carried out jointly by Italian and Iranian companies in sectors including infrastructure, construction, oil and gas, electrical energy, and the chemical, petrochemical, and metallurgical industries, Reuters quoted parts of the statement as saying.

Iran’s government will provide a sovereign guarantee, the statement added.

Meanwhile, Iran described the agreement – which it said was the biggest with a European bank – as a yet another sign of Europe’s determination to expand economic bonds with the Islamic Republic.

Mohammad Khazaei, president of the Organization for Investment, Economic and Technical Assistance of Iran (OIETA), said the agreement with Invitalia had a special political and economic significance “particularly at the current juncture”.

“This is the biggest credit agreement ever signed between Iran and a European country which is a very important political and economic development at the current juncture,” Khazaei was quoted by Iran’s IRNA news agency as saying.

“It shows the determination of the European Union in working with Iran at the current juncture – what will be beneficial to all.”

The credit agreement with Italy followed similar moves with several European banks over the past few months. The latest involved an agreement between four Iranian banks and the Eximbank of Russia to provide “unlimited funds” for development projects to be carried out by domestic and international contractors in the Islamic Republic.

In late September, Austria’s Oberbank signed a major finance deal with over a dozen Iranian banks based on which it would provide €1 billion in credits to the country’s companies that invest in the Iranian economy.

Oberbank’s initiative – that was seen in Tehran as the first of its kind in many years – was followed on the same day by a similar agreement between Denmark’s Danske Bank and several Iranian banks.

Accordingly, Danske Bank would allocate a credit line of €500 million for investments by Danish businesses in Iran.

On a related front, France’s state investment bank Bpifrance (BPI) announced also in September that it planned to provide funds to French companies that invest in the Iranian economy from next year.

BPI France CEO Nicolas Dufourcq was quoted by media as telling reporters that his bank would grant up to €500 million ($598 million) in annual credits to companies that venture into the Iranian market.

Four Iranian banks have signed an agreement with the Export Insurance Agency of Russia (EXIAR) which enables them to receive “unlimited funds” over development projects in the country.
Four Iranian banks have signed an agreement with the Export Insurance Agency of Russia (EXIAR) which enables them to receive “unlimited funds” over development projects in the country.

Iran says four of its banks have signed an agreement with the Export Insurance Agency of Russia (EXIAR) to provide “unlimited funds” for development projects to be carried out by domestic and international contractors in the Islamic Republic. 

The Central Bank of Iran (CBI) in a statement said the agreement had been signed between the EXIAR and Bank Sepah, the Export Development Bank of Iran, Bank Parsian and Bank Pasargad.

This followed a basic agreement that the four banks and EXIAR had signed earlier in mid-October, Iran’s IRNA news agency reported.

Iran had earlier been able to seal similar deals with several European as well as Asian financial institutions.

In late September, Austria’s Oberbank signed a major finance deal with over a dozen Iranian banks based on which it would provide €1 billion in credits to the country’s companies that invest in the Iranian economy.

Oberbank’s initiative – that was seen in Tehran as the first of its kind in many years – was followed on the same day by a similar agreement between Denmark’s Danske Bank and several Iranian banks.

Accordingly, Danske Bank would allocate a credit line of €500 million for investments by Danish businesses in Iran.

On a related front, France’s state investment bank Bpifrance (BPI) announced also in September that it planned to provide funds to French companies that invest in the Iranian economy from next year.

BPI France CEO Nicolas Dufourcq was quoted by media as telling reporters that his bank would grant up to €500 million ($598 million) in annual credits to companies that venture into the Iranian market.

A Dena Plus rolls off the production line which opened on Dec. 16, 2017.
A Dena Plus rolls off the production line which opened on Dec. 16, 2017.

Iran Khodro (IKCO) has opened a production line for two new car models, including one jointly produced by France’s Peugeot SPA.  

The first Peugeot 207 and Dena Plus sedans rolled off the production line near Tehran on Saturday during a ceremony attended by Parliament Speaker Ali Larijani, Iranian news agencies reported.

Dena Plus is an upgraded version of the Dena sedan which Iran Khodro claims offers better safety, having two more airbags.

Peugeot 207 is the same as the Peugeot 207i, with a cargo compartment added to it. Iran Khodro produced about 15,000-20,000 units of Peugeot 207i in 2011 before production stopped the next year when Iran came under intensified Western sanctions.

The model, a supermini produced from 2006 to 2014, is based on the platform of the predecessor model, Peugeot 206, which was replaced by the Peugeot 208 in 2012.

PSA has signed production deals worth 700 million euros with Iran, while Renault has announced a new plant investment to increase its production capacity in Iran to 350,000 vehicles a year.

The French company has yet to start production of the Peugeot 2008 in Iran despite the launch of an assembly line in the country back in March.

As per the joint venture called the Iran Khodro Automobiles Peugeot (IKAP), 70% of parts for Peugeot 2008 will be supplied by Iranian manufacturers. The car’s body will also be produced by an IKCO subsidiary.

The deal requires production of more than 30,000 units this year but only four Peugeot 2008s have been produced so far, with IKCO having to import pre-owned cars for delivery from France.

The production line of Peugeot 2008 at Iran Khodro which began on May 2, 2017

Since the lifting of sanctions in January 2016, French automakers have piled into Iran’s resurgent market, helping turn around a period of slipping sales which occurred when they left the country in 2012.

On Saturday, Fars news agency cited data released by Renault as showing year-on-year growth of 54% in sales to Iran where the automaker sold 144,862 cars in the year up to November.

With US President Donald Trump having put the future of the landmark nuclear deal in doubt, Iran’s Ministry of Industry, Mine and Trade officials have tried to give assurances that the new contracts with the French automakers were watertight.

Both Renault and Peugeot withdrew from Iran in 2012 when the country came under the Western sanctions.

Deputy Minister of Industry, Mine and Trade Mohsen Salehinia said last month he was optimistic about foreign companies holding their ground in case the Americans toughened their measures against Iran.

German industrial group Siemens is about to undertake financing rail and power plant projects worth 3 billion euros in Iran, a senior Iranian official says.

“On a trip to Germany, we had discussions about Siemens’ participation in Iran’s railway and power plant projects,” Deputy Minister of Road and Urban Development for International Affairs Asghar Fakhriyeh-Kashan said on Tuesday.

In the rail sector, Iran is going to buy a number of wagons from Siemens for use on a high-speed line between Tehran, Qom and Isfahan, he said. Siemens will also cooperate on providing signaling equipment and installing communication signs.

“Through financing a number of construction projects, Siemens plans to enter into a joint venture with Iran’s MAPNA company both in the power plant and locomotive manufacturing sector in order to boost domestic production,” he said.

Iran’s Deputy Minister of Road and Urban Development for International Affairs Asghar Fakhriyeh-Kashan

Last month, the Export-Import Bank of China (EXIM) signed a $1.5 billion deal to finance the electrification of a high-speed rail line between the Iranian cities of Tehran and Mashhad.

EXIM’s Vice President Sun Ping said in Tehran that the institution had provided loans for 26 Iranian projects in the electricity, petrochemicals, non-ferrous metals, oil and gas sectors, worth $9 billion.

China Railway Group Limited (CREC) is carrying out the $1.8 billion electrification of the high-speed rail link between Tehran, Qom and Isfahan.

Iran has announced plans to splurge up to $25 billion over the next 10 years on the modernization and expansion of its railway network.

Siemens was one of the first major companies to agree on a deal with Iran after the lifting of sanctions in January 2016, signing a $1.6 billion memorandum of understanding on Iran’s rail infrastructure and a long-term roadmap with MAPNA on the power sector.

The agreement included a license for manufacturing F-class gas turbines in Iran, under which more than 20 gas turbines and associated generators will be delivered over the next four to five years.

A sum of 300,000 Renault cars will be built in a five-year term and first products will enter the market in the final months of the next Iranian calendar year (started March 21, 2018), senior IDRO official said.

Head of Iran’s Industrial Development and Revolution Organization (IDRO) Mansour Moazami made the remarks on the sidelines of a ceremony held to celebrate a contract between Renault, Industrial Development and Renovation Organization of Iran (IDRO) and Partov Negin Naseh Holding Company.

‘We pursue promotion of domestically made products through joint venture with international brands,’ the official noted.

He said: ‘Up to 66 million Euro will be invested at the first phase of the project.’

Meanwhile, Executive Vice President and Chief Competitive Officer in Renault Group Thierry Bolloré called the contract with Industrial Development and Renovation Organization of Iran (IDRO) and Partov Negin Naseh a remarkable deal in one of the most strategic countries of the world .

Based on the contract, Renault will sponsor the project in all phases, including investment, technology transfer, engineering and export, Bolloré added.

Senior Renault official called the contract with Industrial Development and Renovation Organization of Iran (IDRO) and Partov Negin Naseh a remarkable deal in one of the most strategic countries of the world.

Executive Vice President and Chief Competitive Officer in Renault Group Thierry Bolloré elaborated the details of contract in a ceremony held to celebrate the event and said: ‘The full industry value chain will be transferred to Iran.’

Based on the contract, Renault will sponsor the project in all phases, including investment, technology transfer, engineering and export, Bollore added.

The official hailed Iran’s valuable human resources, infrastructure, enriched culture and geopolitics.

He pointed to continued presence of Renault in Iran since 2004 and noted that inking the deal proves Renault commitment to attend Iran’s auto industry for long-term.

Renault would develop cooperation with its old partners, including Iran Khodro and Saipa, Bolloré noted.

Renault and IDRO on Monday inked a 660-million-euro contract.

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Germany’s Volkswagen and Iran’s car manufacturer Mammut Khodro are planning to launch a new joint production line to make cars in the near future.

Talking to the Islamic Republic News Agency (IRNA) on Saturday, Mohsen Salehi-Nia Deputy Minister of Industry and Trade for Industries Affairs said the preliminary measures have been taken to launch the joint production line for the new car.

Salehi-Nia added that no agreement has been inked so far regarding the issue, but once the deal signed between representatives of the two sides, the agreement could be considered as one of the achievements made by the Islamic Republic following the nuclear deal and implementation of the landmark international agreement, also known as the Joint Comprehensive Plan of Action (JCPOA).

On July 4, Volkswagen announced that the company will begin the sale of vehicles in Iran in August.

Initially, Volkswagen’s Tiguan and Passat models are to be imported under a contract concluded with the Iranian automotive company Mammut Khodro.

The Volkswagen brand will thus again have a presence in the Iranian market after more than 17 years, and is systematically developing further worldwide market potential.

‘By returning to Iran, the Volkswagen brand is filling in another blank spot on the global automotive map. We are thus strengthening our international presence still further. At the same time, we are taking our very latest models with premium features to our Iranian customers’, Anders Sundt Jensen, project manager for the Iranian market at Volkswagen, said.

Director for monitoring group on investment contracts of Thermal Electric Generation Specialized Company Jamshid Sajdei said on Thursday that contracts to generate 5,000 megawatts electricity have been convened with investors and companies from Turkey.

He made the remarks on the sidelines of foreign investment meeting of Yazd Investment Services Center.

Sajdei said currently two sites to generate 2,000 megawatts electricity in the cities of Saveh and Zahedan handed over to Turkish company and other related affairs are underway.

He also acknowledged about signing memorandum of understanding (MoU) with three companies from South Korea, Japan and France to generate 3500 megawatts electricity and said that the MoU have been signed with the three companies and negotiations to sign contract is underway.

Sajdei said that time period for guaranteed purchase electricity from foreign investors is determined in the contracts and upon agreement and contract, the investors may sell their generated electricity in free market or sell their power plant to the government after expiration of the period.

Yazd province in attracting foreign investors and preparing necessary infrastructures to absorb investment, especially in the fields of solar energy and generating electricity is among flag-bearers provinces of Iran.

Latest News


Iran reports 13% rise in transit of goods

Turkish trucks cross the border into Iran. Iran has announced an increase of 13 percent in truck transit activities through its territory in what could be a sign of the significance of the country’s location in regional trade.    Iran’s Customs Administration in a statement said about 542,000 trucks had…

Italy signs EU’s biggest ever credit deal with Iran

Iran and Italy have signed a major framework credit agreement worth €5 billion which Tehran says is the biggest ever such agreement signed with a European country.   Iran and Italy have signed a major framework credit agreement which will be used to provide funds for development and industrial projects…

Iran banks seal deal to get ‘unlimited funds’ from Russia

Iran banks seal deal to get ‘unlimited funds’ from Russia Four Iranian banks have signed an agreement with the Export Insurance Agency of Russia (EXIAR) which enables them to receive “unlimited funds” over development projects in the country. Iran says four of its banks have signed an agreement with the…

Iran begins production of new car with France’s Peugeot

Iran begins production of new car with France’s Peugeot A Dena Plus rolls off the production line which opened on Dec. 16, 2017. Iran Khodro (IKCO) has opened a production line for two new car models, including one jointly produced by France’s Peugeot SPA.   The first Peugeot 207 and…

Bulgaria Signs Deal to Invest in Iran’s Solar Energy Projects

Bulgaria Signs Deal to Invest in Iran’s Solar Energy Projects A Bulgarian company signed a Memorandum of Understanding (MoU) with Iran to develop solar photovoltaic infrastructure in the Iranian central city of Jahrom, Xinhua reported. “The first investment agreement in the Jahrom Special Economic Zone has been signed with Solar & Benefit…

Iran: €3 billion credit line by Siemens on the way

German industrial group Siemens is about to undertake financing rail and power plant projects worth 3 billion euros in Iran, a senior Iranian official says. “On a trip to Germany, we had discussions about Siemens’ participation in Iran’s railway and power plant projects,” Deputy Minister of Road and Urban Development for…

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