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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 ..

MAN Diesel & Turbo, a German multinational that produces engines and turbo machinery, says it is paying a serious look at Iran’s investment potentials.
MAN Diesel & Turbo, a German multinational that produces engines and turbo machinery, says it is paying a serious look at Iran’s investment potentials.

MAN Diesel & Turbo, a German multinational that produces engines and turbo machinery, says it is paying a serious look at Iran’s investment potentials, saying it has already taken measures to restart its business in the country.

“We are very active in Iran. We’ve restarted our company there, called MAN Iran Power. We are now building a workshop there, I just signed a lease on the shed (a place where engines or turbines are designed and tested),” Gaby B. Hanna, vice-president and regional head of MAN Diesel & Turbo, was quoted as saying by media.

“We see Iran, putting aside all the political issues, as a big market for us,” Hanna was quoted as saying by the Gulf News. “The biggest growth market for us.”

Part of the Volkswagen Group, which is set to start exporting cars to Iran this month after 17 years away from the country, MAN Diesel & Turbo is ensuring that it is fully compliant with all regulations when dealing with Iran, added the report.

To the same effect, Uwe Lauber, CEO of MAN Diesel & Turbo, noted that Iran was a very important market before sanctions were placed on it.

However, due to the freeze on business dealing with Iran, the country had been forced to turn to China and South Korea.

“Over the last couple of years, nothing has been invested. And of course, during the sanctions, we were not able to serve our customers … and to keep plants operating, the Chinese and Koreans were there,” Lauber said.

New CEO of national flag carrier Iran Air Farzaneh Sharafbafi
New CEO of national flag carrier Iran Air Farzaneh Sharafbafi

Iran is in the process of selecting financiers for the purchase of 200 new passenger aircraft from among many domestic and foreign companies which have submitted their proposals to Iran Air, the new CEO of the national airline Farzaneh Sharafbafi said Tuesday.

Sharafbafi became the first Iranian woman in July to take the helm at Iran Air which has signed deals with Airbus and Boeing as well as Franco-Italian aircraft manufacturer ATR for the purchase of new brand passenger planes.

“Many proposals have been submitted to Iran Air and a preliminary decision will be made in the next month,” she told IRNA news agency.

ATR, a joint venture between Airbus and Italian company Leonardo which signed a firm contract with Iran Air for 20 turboprop aircraft and options for a further 20 planes early this year, is even willing to finance the purchases, Sharafbafi said.

Iran Air received four ATR 72-600s planes earlier this year, with the deliveries of the other aircraft to be completed by the end of 2018.

The logo of Iran Air is pictured as the company takes delivery of the first new Western jet in Colomiers, near Toulouse, France, January 11, 2017. (Photo by Reuters)

“There is no problem financing these planes, and Iran Air has bought all the 20 ATR aircraft in the form of hire purchase, and now proposals for financing these purchases are under review at Iran Air,” Sharafbafi said.

The purchases are part of Iran Air’s plans to rebuild the airline’s fleet after nuclear-related sanctions against Iran were lifted last year.

The company struck a deal with Boeing in December for 80 passenger planes. In January, Iran Air signed agreements to buy 118 planes from Airbus, before cutting the number to around 100.

Iran Air has taken delivery of three Airbus jets and will get another by the year-end, while the first Boeing is due around May 2018.

According to Iran’s Deputy Minister of Road and Urban Development Asghar Fakhriyeh-Kashan, given the type of Iran Air’s orders, the total value of the three contracts for the purchase of 200 aircraft from Airbus, Boeing and ATR is less than $18 billion.

Iran Air has undertaken to make an advance payment of $1 billion to Airbus and Boeing for the purchases, which will be reimbursed over a period of four years, he said recently.

Iran says it has started a new round of talks with the European planemaker Airbus over the purchase of dozens of helicopters.
Iran says it has started a new round of talks with the European planemaker Airbus over the purchase of dozens of helicopters.

Iran says it has started a new round of talks with the European planemaker Airbus over the purchase of dozens of helicopters.

Iran’s media quoted Asghar Fakhrieh-Kashan, a deputy minister of roads and urban development, as saying that the order comprised 48 helicopters.

“The Health Ministry is planning to order 45 HEMS (Helicopter Emergency Medical Service) helicopters and the purchase is being negotiated by the Ministry of Roads and Urban Development,” Iran’s Financial Tribune daily quoted Fakhrieh-Kashan as saying.

“Ports and Maritime Organization is also planning to hold a tender to purchase three search-and-rescue helicopters,” he was quoted as saying in a report that was also carried by Reuters.

Iran has signed deals to purchase above 200 planes since international sanctions against the country were lifted last year.

Flag-carrier Iran Air has ordered 100 planes from Airbus, 80 from US rival Boeing and 20 ATR turboprops.

In June, Airbus said two other Iranian airlines had committed to buying 73 planes in a last-minute flurry of deals for the aircraft manufacturer at the Paris Airshow, Reuters added.

Fakhrieh-Kashan further emphasized that Iran was holding negotiations to merge the helicopter order into the Iran Air-Airbus contract signed in December.

In February 2016, Iran’s media quoted the head of the country’s top medical emergency service as saying that the Islamic Republic was interested in purchasing helicopters from Airbus.

Amir-Hossein Ziayi, the head of the Red Crescent – the country’s equivalent to the Red Cross – said the Health Ministry was planning to purchase as much as 50 copters from the European planemaker.

panese Foreign Minister Taro Kono said on Thursday that his country’s policy regarding Iran is still to advance all-out ties with Tehran.

In a meeting with Deputy Foreign Minister for Legal and International Affairs Seyyed Abbas Araqchi, he congratulated President Rouhani’s reelection for another four-year term in office, hoping that bilateral relations, especially in the economic domain, would improve in post-JCPOA era.

Referring to the implementation of agreement on encouraging investment in both countries, grounds for making optimal use of existing capacities will be paved once cooperation documents are finalized.

Throwing his support behind the nuclear deal officially known as Joint Comprehensive Plan of Action (JCPOA), the Japanese minister hoped that a successful example of economic cooperation will take shape between the two countries.

Expressing willingness to visit Tehran in opportune time to reciprocate his counterpart Mohammad Javad Zarif’s last December visit, he said that deepening ties with Iran and keeping on consultations on regional developments are among Japan’s priorities.

Araqchi, for his part, congratulated Kono’s appointment as foreign minister, saying that it is pleasing to see Japan is determined to boost bilateral ties, particularly in economic sphere.

Noting that the nuclear deal has paved the way for promoting relations and using the two countries’ potentials, he said that today, conditions are prepared for pushing forward economic cooperation more than before.

He also hoped that Japanese companies will utilize economic opportunities that have emerged after the implementation of the nuclear deal in Iran.

Minister of Economy, Trade and Industry of Japan Hiroshige Sekō said Japan has put on the agenda promoting economic development with Iran.

Sekō made the remarks Wednesday in a meeting with Deputy Foreign Minister for Legal and International Affairs Abbas Araqchi.

During the meeting, he expressed congratulation over President Hassan Rouhani’s re-election as Iran president.

Japanese minister pointed to the nuclear talks between Iran and G5+1 (the US, Russia, France, Britain and China plus Germany) as important, saying Japan supports implementation of Iran deal also known as Joint Comprehensive Plan of Action (JCPOA).

Meanwhile, Araqchi said grounds have been paved for both countries to increase bilateral cooperation in post-JCPOA era.

Iran deal is being supported by international community and the United Nations Security Council and European Union called for complete implementation of JCPOA.

Sekō also invited Iran to attend 2025 Osaka World Exposition.

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


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MAN Diesel & Turbo, a German multinational that produces engines and turbo machinery, says it is paying a serious look at Iran’s investment potentials. MAN Diesel & Turbo, a German multinational that produces engines and turbo machinery, says it is paying a serious look at Iran’s investment potentials, saying it…

Iran selecting financiers for 200 jets: New Iran Air CEO

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