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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 ..

Swedish ambassador to Tehran Peter Tejler said on Tuesday that once the economic and industrial projects are introduced, Swedish banks will provide the needed finance for them.

He made the remarks in a meeting with head of Tehran Chamber of Commerce Masoud Khansari.
Tejler said that an organization like the Chamber of Commerce can help Swedish economic and industrial delegations develop better cooperation with Iran.
He said that in the wake of lifting the sanctions on Iran, most of the obstacles on the way of Iran-Sweden banking relations were removed.
The ambassador said that the Swedish companies are ready to return to the Iranian market.
The Iranian official, for his part, said that in the post-sanctions era, Iran is seeking to attract foreign investments and that boosting imports is not on the agenda of Iran.
Referring to the presence of top Swedish brands like Volvo and Scania in the Iranian market, Khansari said that with lifting the sanctions, the two countries can promote bilateral relations.
Tehran Chamber of Commerce can introduce credible Iranian companies for cooperation with Swedish companies, Khansari said.

Saipem has signed a memorandum of understanding to cooperate on major oil and gas projects in Iran.

The deal with Iran comes at an opportune time for the company, which has been hit hard by a prolonged oil price slump that has prompted oil majors to cut investment and seek lower prices from suppliers, Reuters reported.

Saipem, controlled by Eni and Italian state lender fund FSI, said the MoU had been signed with the Parsian Oil & Gas Development Co on Monday and involved the revamping and upgrading of the Pars Shiraz and Tabriz refineries.

No financial details were provided.

Earlier on Monday, a source close to the matter said Saipem would announce later in the day a deal worth between $4 billion and $5 billion to build 2,000 km (1,240 miles) of pipeline in Iran.

The agreement was signed on the first day of the official visit to Rome of President Hassan Rouhani.

Earlier this month, international sanctions were lifted on Iran following implementation of its nuclear agreement with world powers.

Post-sanctions era opportunity to boost ties

Tehran, Jan 27, IRNA – Removal of Iran’s sanctions is an opportunity for Tehran and Ankara to boost bilateral ties, Turkey’s Vice Minister for Foreign Affairs Feridun Hadi Sinirlioğlu said on Wednesday.

He made the remarks in a meeting with Iranian Ambassador to Turkey Alireza Bigdeli.

Sinirlioğlu and Bigdeli discussed latest developments in bilateral relations between the two states.

The Turkish official congratulated Iran’s deal with the world powers and removal of sanctions.

Sinirlioğlu urged best use of post-sanctions era for development of economic and political ties between Tehran and Ankara.

Referring to the historical ties between Iran and Turkey, he said the two countries strategic high cooperation council will be held in near future.

Sinirlioğlu called for collaboration of Iran and Turkey for resolution of regional problems, adding that post-sanctions era should be used for boosting of regional peace and stability.

Pakistan Minister for Ports and Shipping Kamran Michael has said that fast passenger ferry services from Karachi and Gwadar ports to the Iranian port city of Chabahar will be started in March this year.

According to Pakistan state news agency ‘APP’, the minister said Prime Minister Nawaz Sharif had ordered that the project be launched soon.

He said the service would facilitate people wanting to visit religious places in Iran and Iraq. “We are going to start this service in the larger national interest and are working with ministries to make this possible,” he added.

Regarding requirements of Iranian side, the minister said that it would be better for the governments of the two countries to sign a document for executing the project. “It was the priority of the government to provide maximum security to passengers and mostly the Pakistani pilgrims and it would be discussed thoroughly.”

The minister said the project was initiated to provide a journey to pilgrims, adding that in past terrorist attacks on buses of pilgrims had claimed many lives. He said such attacks were damaging the image of Pakistan.

Mitsubishi Fuso Truck and Bus Corporation has become the first Japanese automaker to announce that it will do business with Iran since the economic sanctions on the country were lifted, Japanese NHK reported.

The company said on Tuesday that it will start exporting light-duty trucks this year and had signed a contract with a Dubai-based firm that will be its distributor in Iran.

Iran is one of the largest automobile markets in the Middle East, with annual new car sales of around one million units.

More than 30,000 trucks are said to have been sold in 2010 before the tough sanctions were imposed.

The US and the European Union lifted anti-Iran sanctions after the January 16 report released by the Director General of the International Atomic Energy Agency Yukiya Amano who verified nuclear program in Iran by his report.

Then, the implementation of the July 14 nuclear agreement known as the Joint Comprehensive Plan of Action (JCPOA) started as Iranian Foreign Minister Mohammad Javad Zarif and European Union foreign policy chief Federica Mogherini issued a joint statement announcing the ‘Implementation Day’.

Mitsubishi Fuso says demand for commercial vehicles is expected to grow now that the sanctions have ended.

Japanese automakers used to export vehicles to Iran or operated assembly plants there.

But the firms almost completely withdrew from the country after the West’s sanctions on Iran.

After removal of anti-Iran sanctions, most of the foreign corporations and investors have rushed out to Iran’s market.

Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and taly’s leading steel player Danieli are jointly to establish a new parent company dubbed ‘Persian Metallic’ in Chabahar free trade zone in southeastern Sistant-Baluchestan province.

The company is to undertake development of Products including iron ore, pellet iron ore, sponge iron and downstream products.

Head of IMIDRO Mehdi Karbasian said the company would be launched within the next weeks.

Karbasian reiterated that the Danieli would supply some 60 percent of the company’s share and the rest will be provided by IMIDRO.

‘The two sides have decided to increase the level of investments to two billion dollars’ he added.

Two days ago, Iran and Italy signed multi-billion dollar contracts covering various sectors including health, transportation, agriculture and energy.

The contracts, worth up to 17 billion euros (USD 18.4 billion), were signed in a ceremony attended by Iranian President Hassan Rouhani and Italian Prime Minister Matteo Renzi in Rome on Monday night.

Prior to the ceremony, Reuters reported that a pipeline contract worth between 3.6-4.6 billion euros (USD 4-5 billion) for Italian oil services group Saipem was among the deals. The company’s shares surged 18.5 percent on Monday.

A leading Dutch company active in producing and distributing raw materials for medical and healthcare items is to make investments in this northwestern province, the Governor General Seyyed Hamid Tahaii said.

According to the official, this will be the first foreign country to embark on economic ventures in the province after the implementation of the Joint Comprehensive Plan of Action (JCPOA).

He said the Branz Company is a major European corporation which is in possession of tens of well-known international brands.

He said the contract signed with the Dutch company serves the aim of developing potential of domestic companies in cooperation with foreign investors.

President Hassan Rouhani said here on Tuesday Iranian economy is among newly emerging economies with sufficient internal energy, good road connections joint Iran with neighbors, enough educated manpower, and thus ready to host foreign investors.

‘Italy is of special importance for us because it has a good background in Iran, the Iranians have tested the Italian industries and services and that is why they trusted Italy in the past and trust it today,’ said President Rouhani in a meeting with a group of Italian merchants, industrialists and economic activists.

He said that the type of Italian industries matches that of the Iranian industries and Iran is today pursuing a generating economy capable of creating jobs.

‘That is the reason why we attach great importance to small and middle-sized industries, for which the Italians are very famous internationally,’ he said.

He said that Iran and Italy can cooperate in various fields, including the agricultural field which in addition to its economic importance is of humane value.

‘In our vicinity there are countries whose populations are growing rapidly and need foodstuff, which is why the development of Iranian agriculture and its side industries is both important for us and from the humanistic point of the view of great significance,’ he said.

Barber, along with Spanish Ambassador to Tehran Eduardo López Busquets, met Ali Ashraf Afkhami, the managing director of Iran’s Bank of Industry and Mine (BIM) in Tehran on January 12.

During the meeting, Barber said the most reputable Spanish companies are willing to invest in Iran in different fields of economy, such as transport, clean energies, tourism, and infrastructure.
Meanwhile, Busquets called for reduction of current investment risks in Iran’s market, saying the trade between the two sides would drastically increase once sanctions are removed against the Islamic Republic.
With increased cooperation, he said, the two sides could work on bridging the current scientific and technological gap between them.
Afkhami, for his part, said Iran aims to start a set of infrastructure projects, offering Spain a great investment opportunity.
He said BIM intends to develop the European-Iranian trade banks, which there is currently only one in Hamburg, to other European countries.
Rebuilding the areas, damaged during the recent tensions in the Middle East, he said, requires joint business partnerships which Iran-Spain could be a part of.
In September, a 70-memebr Spanish trade delegation led by Spain’s Minister of Industry, Energy and Tourism Jose Manuel visited Iran to study investment opportunities in the country.
During the visit, the two sides mainly discussed cooperation in Tourism and transportation as the two sectors appropriate for expansion of economic ties.
Spain was the 22nd leading importer of Iranian non-oil goods in the previous Iranian calendar year (which ended on March 20, 2015), with importing $175.394 million of non-oil goods from Iran and exporting $184.693 million of non-oil goods to the Islamic Republic.

Iran is interested in the introduction of a free trade regime with the EEU and considers that the establishment of closer ties with the union may become the basis for the development of economic cooperation of Iran with the association’s member countries, Iranian Ambassador to Russia Mehdi Sanaei said Thursday.

The Eurasian Economic Union is a bloc created to streamline the flow of goods, capital and labor between its member nations, namely Russia, Kyrgyzstan, Armenia, Belarus, and Kazakhstan. The union came into being on January 1, 2015.
The Eurasian Economic Commission chairman of the board said in December that the union considered Iran an interesting partner to create the free trade zone. Later that month, Russia’s First Deputy Prime Minister Igor Shuvalov announced talks on the zone creation could be completed in the nearest future.
The ambassador added that Iran was particularly interested in economic projects of the Shanghai Cooperation Organization (SCO) member states, the EEU and the Chinese Silk Road.

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