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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 ..

Commercial Director of National Iranian Oil Refining and Distribution Company (NIORDC) Ali Zeiyar said that cooperation with foreign knowledge-based companies is in line with presence in the world markets.

He said that priority of commercial management is that foreign firms, especially those knowledge-based companies to cooperate with domestic manufacturers to transfer technology and participation in manufacturing.

This move aims to produce strategic items in refining industry, transfer and distribution inside the country and these acts are in direction of resistance economy and strengthening domestic capability to attend regional markets.

Zeiyar said that Petroleum Ministry has determined 10 items in the list of strategic items and among them rotating machinery, turbine and compressor are related to refining and Distribution Company.

The company has added another 16 items among strategic goods in refining, transferring and distribution industry, he added.

Two Chinese companies are willing to invest in Iran’s mining industries, said an official with Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

Amir Khorramishad, IMIDRO Planning Director, said the Chinese NFC and Power China companies had announced their willingness for cooperation in meetings on the sidelines of the 7th International Infrastructure Investment and Construction Forum (IIICF), held in Macao June 2-3.

He said NFC Deputy Head, Junman Qin, and Power China’s CEO, Zhou Jiayi, had in separate meetings mulled opportunities of investment in Iranian mining sector as well as the infrastructural and power plant projects.
Junman Qin said his company is willing to be present in the Second Iran Mining Session in July.

Governor of Marand city Taqi Karami said on Tuesday that Dutch investors are willing to make joint venture investment to produce saffron in the city.

Marand with suitable climate is the best location in northwest of the country to cultivate agricultural products with low level water consumption, especially saffron.
Karami made the remarks in a meeting with 5-member Dutch delegation on Tuesday.
He said that 115 hectares of agricultural land in the city allocated to cultivation of saffron, which is supposed to increase in five years to 300 hectares.
The governor said that in the past year Marand could produce 400 kilograms of saffron by 198 farmers and now is as a hub for saffron in northwestern Iran.
He said that Marand is ready for cooperation in the field of purchasing saffron bulbs from the Netherlands, allocation of lands for cultivation of saffron and its export with brand of Marand city and processing under license of the Netherlands.
Head of Dutch delegation Robert Vander Tang said that the visit aims to increase cooperation on cultivation of crops with low level water consumption such as saffron and roses.
He said that growing saffron bulbs by traditional method in Marand takes seven years, but, the industrial methods help the growth in less than one year.
Vander Tang said producing the crops in the Netherlands is difficult, because of rains, but it is exported to 23 countries of the world.
The Dutch delegation visited saffron and roses farms in Marand and evaluated their qualification high, calling for more cooperation between the two countries on sharing experience.
Marand is situated 71 km northeast of Tabriz.

Norwegian companies are to invest in the fisheries and aquaculture sectors in Gilan Province.

The Norwegian investors said in a meeting with Governor General of Gilan Province Mohammad Ali Najafi that Gilan has high potential in fisheries and they are hopeful of partnership in the fisheries and aquaculture industry.
They said they are ready to invest 10,000 billion Rials investment in production of trawlers, small fishing boats and cages for fish culture through sophisticated technology.
Najafi for his part said Gilan province is willing to benefit from experience of Norway in fish culture and seafood products.

Head of Arvand Free Zone Health Office said that a German investor group has expressed readiness to participate in building and equipping a hospital under the coverage of Abadan University of Medical Science.

Mahdi Mousavi told IRNA on Tuesday that based on the agreement, Arvand Free Zone with the cooperation of Abadan University of Medical Science is to provide infrastructures and the necessary permits.

He added that a food and drug laboratory is to be built in Arvand Free Zone to decrease food and sanitary products importers’ costs, adding that, the purchased laboratory equipment for this project is of top medical ranking.

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A Swiss trade official said that companies in Switzerland regard Iranian market with a favorable eye.

Sandra Brogli who is in Tehran for Agrofood 2016 told IRNA that 9 Swiss companies were taking part in the exhibition.

She said this was the first successful presence of Swiss companies in such an event in Iran.

She said the great welcome the swiss companies received during the event indicated their trust and confidence in Swiss products.

Brogli who heads Switzerland Global Enterprise also expressed hope that trade with Iran will be normalized soon and said she hoped the obstacles bothering Swiss entrepreneurs on banking and financial areas will be removed soon.

23rd International Exhibition of Food, Food Technology and Agriculture (Agrofood 2016) started work last Monday with participation of 746 foreign companies from 46 world states.

The event worked till June 2.

710 domestic companies were also present in the international event.

Agrofood 2016 introduced the latest products and services of the participants.

It aimed to exchange information, develop exports and trade.

Export manager of Polish Krynica Vitamin SA said here on Sunday that the company is looking for an Iranian partner to produce its products in the Islamic Republic.

Speaking to IRNA on the sidelines of the 23rd International Iran Agro Food Exhibition 2016, Barotosz Kazouski said Iranian market enjoys huge potentials.

He added the Polish company is looking for the Iranian partners to make investment in production of non-alcoholic drinks.

Pointing to current trip of Iranian Foreign Minister Mohammad-Javad Zarif to Poland, he added after the removal of anti-Iran sanctions, Tehran- Warshu relations have entered a new phase.

He added the two countriers have strong determination to expand the level of economic and political cooperation.

‘Polish Krynica Vitamin SA has a positive feeling about the future of its mutual trade cooperation with Iran,’ he said.

The 23rd International Agricultural, Foodstuff, Machinery and Relevant Industries known as Iran Agro Food Exhibition 2016 ended on June 2.

Some 710 domestic companies were present in the international event, opened on May 30.

The number of foreign companies attending the event showed ten percent increase compared with that of the past exhibition.

Turkey’s Unit International announced that it will construct seven gas power plants valued $4.2 billion.

“The capacity for electricity production of these power plants equals 10 percent of Iran’s need to electricity,” the Unit International Company said in a statement.

The statements said that in line with the agreement reached with Iran’s Energy Ministry, seven gas power plants with capacities of 6,020 megawatts and at a value of $4.2 billion will be constructed in Iran.

Iranian Deputy Energy Minister Hooshang Fallahian had said that Iran would sign contracts with Turkey’s energy companies to construct 5,000-megawatt.

Saxon State Minister of Economic Affairs, Labor and Transport of Germany Martin Dulig described Isfahan as the cultural and industrial heart of Iran.

Dulig made the description at a trade meeting in this central Iranian province on Wednesday afternoon.

Isfahan in Iran and Saxon in Germany have many characteristics in common, said Dulig.

He further referred to direct contacts as an effective way to have joint economic activities.

In the meeting, representatives of German states of Saxony-Anhalt and Mecklenburg-Western Pomerania also hoped for establishment of trade and cultural relations with Isfahan.

A 60-member economic delegation from Germany has travelled to Isfahan in central parts of the country to confer with officials here on ways to develop relations.

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