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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 ..
Managing Director of Mobin-Sazehgostar Company, Babak Abbaspour said the platform will be installed in South Pars gas field on Thursday.
He added construction of the platform saved the country 85 million dollars.
Once the 17th gas platform comes on stream, it will produce 500 million cubic meters of gas per day in South Pars gas field.
Abbaspour added Mobin-Sazehgostar Company has so far constructed several gas platforms in 15th and 16th phase of South Pars gas field.
Prior to the imposition of western-imposed sanctions, Export Development Bank of Iran used to maintain brokerage relationships with around 400 foreign banks across the world.
During sanctions, however, these financial ties were severed.
Now there is the possibility to directly or indirectly send bills of exchange, drafts and open letters of credit with 54 banks as well, the bank said in a report on Tuesday.
Efforts are underway for 13 other foreign banks to reestablish brokerage relationships, Following the implementation of the Joint Comprehensive Plan of Action, the report added.
Banks in Italy, Spain, Germany, Belgium, Austria, Russia, Turkey, China, Japan and Oman are among foreign banks reestablishing financial ties with Iran.
They finalized 17 subsidiary contracts in line with the cooperation protocol.
The founding members of IKAP convened and the procedure for operation of the new company was signed by Managing Director of Iran Khodro Hashem Yekke-Zare and Deputy Managing Director of Peugeot-Citroen Company Jean-Christophe Quemard.
They signed 17 subsidiary contracts in line with the cooperation protocol between the two carmakers.
They finalized and the process to register the company will begin from Wednesday.
Morad Majlisi has already been appointed as managing director of new company ‘IKAP’.
Preliminaries of the new contract for cooperation between industrial groups of Iran Khodro and Peugeot of France were signed by directors of both companies during visit of President Hassan Rouhani to Paris last February and since then necessary measures were adopted to enforce the contract.
He said that foreign investors got acquainted with provincial capabilities and the capacities in tourism industry.
Amini added that the group of investors were from France, China, Spain, Germany and Iraq.
The province also has natural attractions like green mountainous area and desert (kavir) for tourists.
There are 90 hotels and 65 hostels in the province.
Director General of the organization Fereydoun Allahyari already said that 30 percent growth has been registered for the foreign tourists visiting Isfahan in May.
Isfahan tourism industry has made major growth since three years ago.
In the Iranian year of 1392, the number of foreign tourists visited the province increased from 110,000 to 180,000 and in year 1393 to 250,000.
The figure rose up in the year of 1394 to more than 250,000.
Alireza Kameli, Managing Director of NIGEC said on Sunday that negotiations are underway between his company and eight companies specialized in LNG projects.
The National Iranian Gas Exports Company is waiting for a decision on the issue by the minister of petroleum to enter possible deals, Kameli said.
Iran plans to revive its massive liquefied natural gas (LNG) projects which have been suspended under intensified western-imposed sanctions.
Iran had already entered deals with the Anglo-Dutch Royal Dutch Shell, Spain’s Repsol and France’s Total to build three LNG plants but they abandoned the projects in 2010 under US and European pressures.
The NIGEC director, answering a question on Iran-Turkey dispute over gas prices, Kameli said that Iran has referred the case to the International Court of Justice and is waiting for the court’s decision.
During his talks with members of the Iranian delegation here, Novak said the increase became possible with the implementation of mutual agreements.
The talks were held in Moscow Friday evening on the sidelines of the St. Petersburg International Economic Forum on June 16-17-18.
Russia and Iran had increase in their trade exchange, while Moscow witnessed decrease in its economic ties with some countries even with China during the mentioned period, Novak said.
For his part, Iran’s Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh who led the Iranian delegation in Moscow said Tehran welcomes all-out ties with Moscow.
He then called for further growth in bilateral relations.
Iran and Russia are planned to touch the ten-billion-dollar worth of exchange in near future.
A number of Chinese officials and representatives of Chinese businesses and companies were present in the meeting.
The two-day meeting focused on ways of expanding and consolidating economic and commercial cooperation among the Silk Road states.
The sides also explored grounds for cooperation in various economic, trade, investment and tourism sectors.
Rally Tours NZ Ltd will operate its Silk Road self-drive tour, crossing Kyrgyzstan, Uzbekistan, Turkmenistan, Turkey, Bulgaria, Romania, Hungary, Austria, Czech, Germany and the Netherlands are the Silk Road states.
City of Bologna, the provincial capital of Emilia-Romagna Region, on Friday hosted a conference on Friday on joint trade and investment ventures between Iran and the Emilia-Romagna Region.
Presented at the economic event were more than 200 Italian entrepreneurs and businessmen and other economic elites from the region as well as Iran’s Ambassador to Rome Jahanbakhsh Mozaffari.
During the conference, Gino Cocchi Director of the international affairs of Emilia Romagna Industrial committee underlined the importance of enhancing ties with Iran.
He predicted that Italy’s exports to Iran will increase to reach three billion euros in the next four years.
Pierre Peju deputy president of Emilia-Romagna Bank referring to the banking problems faced by Iran said that everybody should be patient.
We are optimistic about the future, he said.
The Iranian ambassador to Rome for his part said that despite all the problems, the Joint Comprehensive Plan Of Action is being implemented and following the nuclear deal, all the obstacles on Tehran’s way to establish ties with the world and especially the west, have been removed.
The present situation is irreversible, Mozaffari said.
The interest of the Italian investors for furthering cooperation with Iran shows that enemies have failed to prevent the execution of the JCPOA, Mozaffari said.
The officials along with senior international economic experts and investors held the discussions on the sidelines of a panel on ‘Post-sanction Iran’, held on the margins of the St. Petersburg International Economic Forum 2016.
Iran’s Minister of Industries, Mines and Trade Mohammad-Reza Nematzadeh, representing Iran in the Forum, told the audience that there are ample grounds for activity of foreign investors and industry owners in Iran.
He said Tehran welcomes attraction of foreign cooperation in various sectors.
Which countries churn out the most engineering graduates every year? When it comes to engineering degrees, the United States, Japan and other developed nations produced the majority of the world’s graduates over past few decades. However, things have started to change and a significant number of new engineering, manufacturing and construction graduates now come from developing and emerging countries.
According to research conducted by the World Economic Forum (which excludes China and India due to lack of data), Russia leads the way, producing an annual total of 454,000 graduates in engineering, manufacturing and construction. The United States is in second position with 237,826 while Iran rounds off the top three with 233,695. its while Iran’s population is about 33% of US Population.
A senior Iranian official said here on Wednesday that the construction of the gas platform of the 17th phase of South Pars gas field has been finished thanks to the nonstop endeavors of the domestic experts. Managing Director of Mobin-Sazehgostar Company, Babak Abbaspour said the platform will be installed in…
Export Development Bank of Iran says, following the implementation of the JCPOA, it has reestablished brokerage relationships with 120 foreign banks. Prior to the imposition of western-imposed sanctions, Export Development Bank of Iran used to maintain brokerage relationships with around 400 foreign banks across the world. During sanctions, however, these…
Iran Khodro and Peugeot joint venture company named ‘IKAP’ kicked off its work in presence of Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh and after introducing Board of Directors . They finalized 17 subsidiary contracts in line with the cooperation protocol. The founding members of IKAP convened and…
Deputy Head of Cultural Heritage, Handicrafts and Tourism Organization of Isfahan province for investment and planning Hamid Amini said on Monday that investment opportunity in tourism had been introduced to more than 20 foreign investors. He said that foreign investors got acquainted with provincial capabilities and the capacities in tourism…
Eight foreign companies, along with Iranian companies, are seeking to contribute in Iran’s liquefied natural gas projects, senior official at the National Iranian Gas Exports Company says. Alireza Kameli, Managing Director of NIGEC said on Sunday that negotiations are underway between his company and eight companies specialized in LNG projects….
Russian Minister of Energy Alexander Novak announced that the worth of economic exchange between Russia and Iran has witnessed 69 percent increase during the first half of the current year compared with that of 2015. During his talks with members of the Iranian delegation here, Novak said the increase became…
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