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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 ..

Foreign Minister Mohammad-Javad Zarif and German Finance Minister Wolfgang Schäuble on Monday discussed expansion of Tehran-Berlin banking cooperation.

The two ministers met on the sidelines of the annual meeting of European Council on Foreign Relations (ECFR).

Schäuble, underlining the JCPOA implementation, welcomed banking cooperation between Tehran and Berlin.

He said German banks are ready to upgrade cooperation with Iran.
Zarif arrived in Berlin on Monday morning.

He is to meet President of Germany Frank-Walter Steinmeier and Foreign Minister Sigmar Gabriel later.

 Azerbaijan Republic Ambassador to Tehran Bunyad Huseynov pointed to thegrowing trend of trade exchanges between the two neighboring states and said on Tuesday that over past four years non-oil exchanges between the two countries increased by 75 percent.

He made the remarks in meeting with East Azarbaijan Province Governor General Esmaeil Jabbarzadeh here on Tuesday.

Huseynov said while our trade exchanges with Iran increased, it was reduced by other neighboring states.

The ambassador said that Azeri people trust Iranian physicians and medicine and around one million Azeri tourists visit Iran each month.

Over past years, 5,000 trucks transit goods between the two countries, now it reaches to 15,000, Huseynov said.

He underlined the rise in economic exchanges between the two countries and said that Tabriz Bazaar is historical and world famous market and our country is ready to increase economic and commercial relations with Tabriz businessmen and set up Tabriz Bazaar in Baku.

He said by launching railways between the two countries, the possibility to export Iranian goods to Europe through the Republic of Azerbaijan Republic will be prepared.

Concerning several visits of presidents of the two countries in the past four years, Huseynov said the results of the meetings were activation of the private sectors.

Over 1,100 tons of food products are exported every day to Qatar from the ports in Iran’s southern province of Bushehr on the Persian Gulf, the head of Ports and Maritime office of Bushehr Province says.

Over the past week, a total of 5,000 tons of food exports have been sent to the peninsular state in southern Persian Gulf, Mohammad Mahdi Benchari told the Islamic Republic News Agency (IRNA) on Tuesday.

“Every day, 750 tons of food products from Bolkheir Port in Tangestan region as well as 350 tons from Dayyer port are exported to Qatar,” Benchari said.

The province’s ports are in a strategic location on the shores of the Persian Gulf, with some 148 nautical miles away from Qatar, and this has created a good opportunity for Bushehr to export goods to the Arab state, according to the official.

Emphasizing the province’s capacities for exporting food products to Qatar, he noted that Dayyer, Bolkheir and Genaveh ports are leading in maritime trade with the Persian Gulf country.

“937 kilometers of coast line has made Bushehr Province a strategic spot on the international waterway of the Persian Gulf.

This has provided the province with a privilege securing Bushehr an opportunity to enhance trade ties with the Persian Gulf littoral states, the official added.

Iran and Oman underlined boosting cooperation in the economic and commercial sectors at the end of a series of joint talks in Muscat.

Iran’s Ambassador to Oman Mohammad Reza Nouri Shahroudi explored avenues for bolstering economic cooperation in a meeting with Omani Minister of Trade and Industries Masoud al- Sunaidy on Wednesday.

Both sides expressed pleasure over the high level of political ties, stressing the need for bolstering commercial exchanges.

They also highlighted the necessity for issuing visas for commerce activists, developing infrastructure, strengthening transportation fleet and promoting financial and banking relations.

Al- Sunaidy, for his part, said that the volume of economic exchanges between the two countries has reached $1.2 billion, expressing the hope that the figure would hit two billion dollars by the end of the year.

“Given Iran-Oman good ties, Muscat is determined to further promote commercial, economic and political relations,” he said.

A short sea distance between Iran and Oman is a suitable opportunity for enhancing ties in all fields, he said.

Deputy Minister and President of the Organization for Investment, Economic and Technical Assistance said that attracting $ 3.372b shows that foreign investment is flourishing in Iran.

The UNCTAD wrote in its recent report, published in June 2017, that Iran has attracted more than $3.37 billion, showing a 64-percent growth.

The report also says that foreign investment in Iran had declined for a few years. But in 2016, Iran signed 3 international investment agreements and could get close to pre-sanction situation.

Mohammad Khazaei said that in the last Iranian year (ending on March 20, 2017) Iran received an unprecedented number of foreign investment applications from which $ 10.4b were approved of and the necessary guarantees were issued.

He added the number shows a 55% growth compared to the previous Iranian year.

Throughout the eight-year period before President Rouhani foreign investment agreements had been signed with Eritrea, Djibouti, Burundi, Ghana, Kenya, the Comoros, Gambia, And Bissau Guinea. And after the nuclear deal, the Joint Comprehensive Plan of Action (JCPOA) that was signed on July 14, 2014, Iran has signed agreement with Japan, Russia, Singapore, Slovakia, Luxemburg, Iraq, and Tanzania; also the agreements with Czech Republic, Croatia and Lithuania have been finalized and are ready to be signed, according to Khazaei.

He added that regarding the provinces that absorbed the investments, Eastern Azerbaijan, Western Azerbaijan, Esfahan, Tehran, Qazvin, Kerman and Razavi Khorasan have been more successful than others.

UNCTAD is a permanent intergovernmental body established by the United Nations General Assembly in 1964. Its headquarters are located in Geneva, Switzerland, and it has offices in New York and Addis Ababa.

UNCTAD is part of the UN Secretariat. It reports to the UN General Assembly and the Economic and Social Council but has its own membership, leadership, and budget. It is also part of the United Nations Development Group.

The Division on Investment and Enterprise of UNCTAD serves as the focal point for all matters related to foreign direct investment and multinational enterprises in the United Nations System. It builds on more than four decades of experience and international expertise in research and policy analysis on investment and enterprise development, fosters intergovernmental consensus-building, and provides technical assistance to over 150 countries.

Seven commercial airplanes would be added to Iran’s fleet by the end of this year, said Iran Air’s top manager.

We are going “to receive another five ATRs until the end of 2017, starting in August or September, and a further eleven in 2018, bringing it to the total 20 we ordered. And from Airbus, we hope to receive two A320s by the end of the year,” said Farhad Parvaresh, Managing Director of Iran Air, in an interview with the American magazine Airways, answering a question on how many new aircrafts Iran will get this year.

“We are intentionally building up the new fleet slowly because we have to manage the arrivals and train pilots and technicians,” he added.

As to recent Gulf Persian region developments’ influence on Iran’s aviation operations, he said that there were about one hundred more overflights a day than before.

“But it doesn’t affect us in any way. There is no issue: Iranian airspace could accept many more aircraft,” Parvaresh added.

Last week, some Persian Gulf Arab states cut their ties with Qatar, accusing it of supporting terrorism. They closed their transit links, including their airspace to the tiny gas-rich Persian Gulf state.

He also expressed optimism over the renewal process of Iranian fleet, adding that “in less than five months we have received seven aircraft, and they are in operation. That is more than could be expected”.

Last January, Islamic Republic of Iran was delivered a A321 as its first new aircraft to Iran Air in over two decades.

Two months later, Iran Air received the first A330-200, and then 20 days later the second A330 as the third aircraft with four ATR 72s received in May, Parvaresh said.

Managing Director of Aseman Airline Company Hossein A’laei and Boeing Sales representative in the Middle East and Russia James Larson signed contract to buy 30 new Boeing 737 on Saturday.

Minister of Cooperative, Labor and Social Welfare Ali Rabiei and Head of Civil Aviation Organization Ali Abedzadeh attended the signing ceremony.

Hossein A’laei said after one year of negotiations with Boeing, the purchasing contract was signed today.

He said that a memorandum of understanding (MoU) was signed between Aseman Airline and Boeing Company on March 19, 2017.

According to the MoU, Aseman is to receive 30 Boeing 737 in the first phase and then purchasing 30 more planes will be in the agenda to equip this company with new generation of passenger planes.

According to the signed contract, Aseman Company is to pay 3 billion dollars to Boeing for purchase of 60 planes.

Aseman is to pay 5 percent of the amount and the rest of 95 percent will be financed by Boeing.

The first delivery is due to take place in 2022 and during 2 years Boeing is to deliver all 30 planes to the Aseman Company.

Chairman of of Iran-Russia Joint Economic Commission Mahmoud Vaezi and Minister of Energy of the Russian Federation Alexander Novak agreed to continue consultations for development of mutual economic cooperation.

Vaezi who also serves as Iran’s Minister of Communications and Information Technology, is in the Russian cultural capital to attend the 21st St. Petersburg International Economic Forum (SPIEF 2017).

The three-day event kicked off on Thursday with the participation of over 12,000 people including the incumbent and former senior officials of the participating countries and the UN representative.

Iran’s Deputy Minister of Petroleum for International Affairs and Trading Amir-Hossein Zamaninia, Managing Director of the Islamic Republic News Agency (IRNA) Mohammad Khoddadi and Iranian Ambassador to Russia Mahdi Sanaei also attended the SPIEF 2017 public and special panels.

During Vaezi and Novak meeting which took place on the sidelines of the SPIEF 2017, Novak as the Russian co-chairman Iran-Russia Joint Economic Commission, hailed the progress of the two countries’ economic cooperation in the past four years.

Meanwhile, Vaezi, who is Novak’s Iranian counterpart in the commission, noted that there is political commitment for boost of ties in both Tehran and Moscow in the second term of President Hassan Rouhani in office.

Rouhni was re-elected for another four-years in office in Iran’s May 19 presidential election winning a landslide victory with garnering 57 percent of the cast ballots (over 23.4 million).
The volume of Iran-Russia trade exchange experienced 70 percent growth in 2016, Vaezi said.

Novak and Vaezi discussed the roadmap for cooperation in various fields including oil, gas, electricity and transit.

Participants of the SPIEF 2017, reviewed major international economic and social challenges, Middle East situation, regional crises, future of the world and relations among the countries as the major topics of the event which was also attended by Russian President Vladimir Putin.

Iran’s Deputy Minister of Petroleum for International Affairs and Trading Amir-Hossein Zamaninia and Deputy Minister of Energy of the Russian Federation Kirill Molodtsov on Saturday inked roadmap for cooperation in energy sector.

The roadmap for energy cooperation between Tehran and Moscow was signed in a meeting between Iran and Russia joint energy taskforces.

Iran and Russia energy taskforces held a meeting simultaneously with the 21st St. Petersburg International Economic Forum (SPIEF 2017).

Iran’s deputy minister of petroleum for international affairs attended the SPIEF 2017 panels.

SPIEF 2017 opened late Thursday in a ceremony attended by the Chairman of Iran-Russia Joint Economic Commission Mahmoud Vaezi, Managing Director of the Islamic Republic News Agency (IRNA) Mohammad Khoddadi and Iranian Ambassador to Russia Mehdi Sanaei.

Over 12,000 people, including the incumbent and former senior officials of the participating countries and the UN representative, are also present in the ongoing event.

Reviewing major international economic and social challenges, Middle East situation, regional crises, future of the world and relations among the countries are of major topics to be discussed in the meeting, which is to be attended by Russian President Vladimir Putin.

Iran’s ambassador to Paris has urged the need for technology transfer from France to Iran, as well as joint investment by French companies and their Iranian peers in the Islamic Republic.

“We, in Iran, similar to you in France, are obsessed with boosting our exports in order to decrease our dependence on oil revenues,” Ali Ahani said Friday in a forum hosted by the Arle exporters’ association as well as the region’s Chamber of Commerce and that of the CCI Nice Côte d’Azur in southern France.

Ahani recommended the French businessmen to visit Iran to assess the vast capacity for cooperation with the Islamic Republic and to engage with credible partners to make joint investments.

This way they can produce their goods in Iran using the relatively ample advantages, and export the surplus after meeting the local market needs, he added.

Chief of Arles region’s exporters association Francois Delueze described Iran as an “important market” that should be given attention in post-sanctions era.

According to Delueze the forum was aimed at examining implementation of joint cooperation plans between Iran and France and considering suggestions offered in this regard by the Iranian envoy, the Chambers of Commerce, foreign trade consultants and exporters association.

Meanwhile, French company Energy Makeen’s chief executive Josef Brun, referring to high investment risks in some countries, such as Saudi Arabia and Russia, said that the purpose of the forum is taking advantage of he big economic opportunities and capacities yielded by countries like Iran.

Some other issues, including exploring possible ways for French companies to engage with Iran’s market and removing problems and barriers ahead, were also addressed in the meeting.

The forum titled “Opportunities and Challenges of Iran’s Market”, attended by Saint-Rémy-de-Provence’ mayor Herve Cherubini and the businessmen of the region and was held in the City Hall on Friday.

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