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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 ..

Iranian Foreign Minister Mohammad Javad Zarif and Cuban Minister of Foreign Trade and Investment Rodrigo Malmierca Diaz stressed promotion of economic cooperation between the two countries.

Zarif and Diaz in a meeting on Monday evening discussed ways of development of cooperation between Tehran and Havana in fields of energy, banking, health, nanotechnology and biotechnology.

During the meeting, Cuban minister of foreign trade and investment said that Havana is keen to develop relations with Tehran as a lasting partner and friend.

Cuba is ready to help facilitate development of cooperation between Islamic Republic and the Latin American states, he added.

Iran and Cuba on Monday signed a memorandum of understanding to boost their economic cooperation. The cooperation document was signed on the sidelines of the first joint trade meeting of Iran and Cuba.

Heading a 120-member delegation, Zarif arrived in Cuba on Sunday night on the first leg of his Latin American tour.

He will travel to Nicaragua, Ecuador, Chile, Bolivia and Venezuela, respectively after visiting Cuba and during his week-long tour.

Iranian foreign minister will stay in one country each day and hold talks with senior officials of the six countries on his itinerary.

Iran and Cuba on Monday signed a Memorandum of Understanding to boost mutual economic cooperation.

The cooperation document was signed on the sidelines of the first joint trade meeting of Iran and Cuba in the presence of Cuban and Iranian officials and businessmen, including the Iranian Foreign Minister Mohammad Javad Zarif and Cuban Minister of Foreign Trade and Investment Rodrigo Malmierca Diaz.

Iran Chamber of Commerce Deputy of International Affairs Farhad Sharif and his Cuban counterpart Odalys Seijo Garcia signed the MoU.

Heading a 120-member delegation, Zarif arrived in Cuba on Sunday night on the first leg of his Latin American tour.

He will travel to Nicaragua, Ecuador, Chile, Bolivia and Venezuela, respectively after visiting Cuba and during his week-long tour.

Zarif’s visit is aimed at fostering Iran’s political and economic relations with Latin American countries after the implementation of the Joint Comprehensive Plan Of Action and removal of sanctions against the Islamic Republic.

Iranian foreign minister will stay in one country each day and hold talks with senior officials of the six countries on his itinerary.

Iran attaches great importance to expansion of all-out cooperation with the Latin American countries.

Iran and Norway signed an insurance memorandum of understanding (MoU) on in the field of shipping.

The MoU was signed between Islamic Republic of Iran Shipping Line (IRISL)and Norway’s Skuld P&I Company on different kinds of sea insurances.

The MoU also covers the complaints in relation to sea insurance, training of personnel and upgrading knowledge and capabilities of the Iranian experts.

Norway’s Skuld insurance company was established in 1897 and operates by two subsidiaries named Skuld Offshore and Skuld Hull.

Skuld Insurance Company has 250 representative offices worldwide.

South African Ambassador to Tehran William Max Whitehead said on wednesday that his country’s investors in the sectors of industry and agriculture are interested in cooperation with their Iranian counterparts.

The ambassador made the remarks in a meeting with Governor General of Qazvin province Fereydoun Hemmati.

Whitehead said that the two countries can share experience in science and technology, agriculture, car manufacturing, renewable energies and hotel construction.

He termed relations between Tehran and Pretoria as sincere, saying that in addition to diplomatic and political relations, the two countries may have extensive economic cooperation as well.

Whitehead called Iran as gate to Central Asia, saying that his country is interested to expand cooperation with Iran in different fields and there is no obstacle in this concern.

He called for scientific cooperation between Qazvin and South African universities and said that Qazvin knowledge-based companies would be good partners for their South African counterparts in different fields of science and research.

Hemmati explained existing economic capacities of the province in the fields of agriculture and industry and said that Qazvin is one of important hubs in the two sectors in Iran.

He said that Qazvin is the fifth industrial province of Iran and the first industrial township was launched in this province.

Hemmati said that following nuclear deal and implementation of JCPOA, foreigners came to the province for investment in sectors of industry and agriculture.

He said that Qazvin economic activists and their counterparts from South Africa may have good cooperation in auto-making, hotel construction, tourist sites and renewable energies.

TEHRAN – The Iranian finance ministry and the Export-Import Bank of China (Exim Bank) inked a memorandum of understanding on financing economic and infrastructure projects and expanding bilateral cooperation as well.

The penned accord embraces roads, ports, transportation, power plants, telecommunications, industrial estates, oil and gas, healthcare, agriculture and tourism plans, IRNA reported.

The Iranian deputy finance minister, Mohammad Khazaei, and the deputy director of the Chinese bank, Sun Ping, signed the MOU on the sidelines of the 16th meeting of the Iran-China Joint Committee in Beijing on Tuesday.

During the event, Iranian Finance and Economic Affairs Minister Ali Tayyebnia highlighted the significance of the joint economic committee in bolstering strategic relations between the two countries.

The Iranian minister said that the meeting of Iran-China Joint Economic Committee is being held under the condition that the two countries’ political relations are at a very satisfactory level and chances are high for expansion of mutual economic ties due to the set grounds for further cooperation.

Referring to China as one of the biggest trade partners of Iran in recent years and the upward trend of trade between the two countries, he admitted that there are still some problems with the banking relations, which will be resolved soon.

Negotiations are underway for construction of large solar power plant in Aran va Bidgol city of Kashan with South Korean firm of ABP International worth euro 350 million, Governor of Aran va Bidgol Ahmad Reza Saeedi said on Monday.

Representatives of the South Korean company met with local officials in the city to sign the deal for construction of the solar power plant.

Spokesman of Aran va Bidgol city council Abolfazl Moeeninejad said they will allocate land for construction of the power plant to be accomplished within three months.

Over 320 days in the city is sunny encouraging the South Korean company to conduct feasibility study on the project which is to be kicked off in the near future, he said.

The solar power plant is to generate 100 megawatt electricity with 25 years guarantee of the South Korean company and after six years it will be handed over to the Iranian partner.

Managing Director of National Iranian Tankers Company (NITC) Seyed Pirouz Moussavi said on Thursday that foreign companies have welcomed investment in the NITC.

Moussavi said new oil contracts will cause development of Iranian giant oil industry.
The official said once the new oil contracts have been enforced, the National Iranian Oil Company (NIOC) will have a free hand to choose the best worldwide active in the field of petroleum and senior oil directors will identify with full information the areas needing to undergo development.
Moussavi said oil is one of the most important fields in the Economy of Resistance policy.
After implementation of the Joint Comprehensive Plan of Action (JCPOA) in January, export of oil rose to 2.1 million barrels per day in July from one million barrels.
As the International Atomic Energy Agency (IAEA) announced a report on January 16 that Iran had fulfilled its JCPOA obligations, the G5+1 followed suit and based on its obligation, lifted the anti-Iran sanctions over the nuclear issue.

US is the main destination of Iran’s handwoven carpets, Chairman of Iran’s National Carpet Center Hamid Kargar said on Wednesday.

Speaking in a local ceremony in this central provincial city, Kargar said that Iran exports handmade carpet to 80 countries, mostly to US.

Export of Iran’s handwoven carpets worth of 80 million dollars per year has been cut for five years due to sanctions but resumed after the landmark nuclear deal in 2015 also known as the Joint Comprehensive Plan of Action (JCPOA), the official added.

He said during the past four months, Iran has exported 1,430 tons of handmade carpets earning 83 million dollars.

India and Pakistan tried to take Iran’s place in the US carpet market while Iran was sanctioned in the pre-JCPOA era, but Americans prefer Iranian brand due to its high quality, Kargar said noting that exports of the Iranian hand-woven exports can increase in the near future with relentless efforts and proper advertisement.

South Korean businessmen are keen on expanding economic relations with Iran thanks to Iran’s huge industrial and mineral capacities, South Korean Ambassador to Tehran Kim Sung-ho said in this western province on Tuesday.

Speaking in a local gathering, the diplomat added Iran is considered as a reliable country for South Korean officials and people.

Touching upon South Korea-Iran 50 year-old relations, he said Seoul is seeking to utilize all of its scientific and research capacities to reinforce its economic and trade transactions with the Iranian businessmen and industrialists.

The diplomat also voiced South Korea’s readiness to expand its scientific, research, industrial and medical cooperation with Iran.

South Korea opened a business center on Monday to help local firms expand trade and investment in Iran as part of its efforts to tap deeper into the Middle East country following the lifting of international sanctions, the trade ministry said.

Located in southern Seoul, the center will provide information and consulting services on trade and investment with Iran, backed by related government agencies including the Korea Trade-Investment Promotion Agency (KOTRA), state-run Woori Bank and the Industrial Bank of Korea, according to the Ministry of Trade, Industry and Energy.

“The center will help our companies overcome difficulties in doing business with the Middle East country,” the trade ministry said in a release. “It will contribute to invigorating the business relationship between South Korea and Iran.”

Since Washington and Tehran concluded a landmark nuclear agreement last year, the United States and the European Union have removed economic sanctions that were imposed on Iran over the past decade, opening up a new market with a population of 80 million.

Iran’s re-entry into the global economy is regarded as a boon for the South Korean economy as the oil-rich country is working on infrastructure business and development projects.

South Korea is also seeking business opportunities in Iran, with President Park Geun-hye visiting Tehran in May to hold a summit with her Iranian counterpart.

Following the Seoul-Tehran summit, South Korea resumed direct flight and maritime routes between the two countries to meet growing demand for bilateral trips.

Industry data showed that the trade volume between Korea and Iran stood at $6.1 billion in 2015, down sharply from $17.4 billion in 2011 due to the sanctions.

Latest News


Iran, Cuba stress promotion of economic cooperation

Iranian Foreign Minister Mohammad Javad Zarif and Cuban Minister of Foreign Trade and Investment Rodrigo Malmierca Diaz stressed promotion of economic cooperation between the two countries. Zarif and Diaz in a meeting on Monday evening discussed ways of development of cooperation between Tehran and Havana in fields of energy, banking,…

Iran, Cuba sign cooperation document

Iran and Cuba on Monday signed a Memorandum of Understanding to boost mutual economic cooperation. The cooperation document was signed on the sidelines of the first joint trade meeting of Iran and Cuba in the presence of Cuban and Iranian officials and businessmen, including the Iranian Foreign Minister Mohammad Javad…

Iran, Norway ink cooperation shipping, sea insurance

Iran and Norway signed an insurance memorandum of understanding (MoU) on in the field of shipping. The MoU was signed between Islamic Republic of Iran Shipping Line (IRISL)and Norway’s Skuld P&I Company on different kinds of sea insurances. The MoU also covers the complaints in relation to sea insurance, training…

South African investors willing to make investment in Iran: Ambassador

South African Ambassador to Tehran William Max Whitehead said on wednesday that his country’s investors in the sectors of industry and agriculture are interested in cooperation with their Iranian counterparts. The ambassador made the remarks in a meeting with Governor General of Qazvin province Fereydoun Hemmati. Whitehead said that the…

Iran’s finance ministry, Exim Bank of China sign MOU

TEHRAN – The Iranian finance ministry and the Export-Import Bank of China (Exim Bank) inked a memorandum of understanding on financing economic and infrastructure projects and expanding bilateral cooperation as well. The penned accord embraces roads, ports, transportation, power plants, telecommunications, industrial estates, oil and gas, healthcare, agriculture and tourism…

Iran to build euro 350 million solar power plan in Aran va Bidgol

Negotiations are underway for construction of large solar power plant in Aran va Bidgol city of Kashan with South Korean firm of ABP International worth euro 350 million, Governor of Aran va Bidgol Ahmad Reza Saeedi said on Monday. Representatives of the South Korean company met with local officials in…

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