doing business in iran >
holding 10% of the world's natural resources makes iran a special case for investment in the m.e.n.a. region.
with the world’s fourth-largest proven oil reserves and the world’s second largest proven natural gas reserves, investors have tended to focus largely on iran's energy sector. oil and gas, however, account for less than one-fifth of iran’s gdp in an economy that is diverse with
before the imposition of sanctions, iran was the world’s 13th-largest manufacturer of automobiles, producing 1.65 million cars annually, more than the united kingdom.
since 2013, in part because of the diversity of its economy and its industrial base, iran has enjoyed a relatively sustained annual trade surplus of about $35 billion from automotive production, chemicals, mining and minerals, utilities, and telecommunications.
a major source of relative economic advantage is a large well-educated and urbanised population. with a population of 80 million,iran is comparable in scale to germany and turkey.
iran is undoubtedly a blessed country with 10 per cent. of the world's natural resources, a trade balance that is in surplus before taking into account its oil export revenues and a young, technologically savvy and highly educated population, it has the potential to propel itself into a brave, new era. the country is the last of the major international economies to open to investors and has the potential to become a major regional player and much more than just another resource-rich developing economy.
iran’s young, technologically savvy and highly educated population has the potential to propel this country to become a major regional economic force. as it develops and takes its place in the global economy, greater demand and much-needed reform of key sectors will open up significant investment opportunities.
high levels of state control, a complicated bureaucracy and an apparent lack of transparency make for a challenging place for international corporations to do business. iranians are, for the most part, keenly aware of their history, heritage and rich cultural back-story. an appreciation of these issues is critical for the investor looking for successful participation in the country's economic potential.
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