Economy, Business And Markets

Iran Will Burst With Investment Opportunities

Iran Will Burst With Investment OpportunitiesIran Will Burst With Investment Opportunities

By 30 June, Iran must have come to an agreement with world powers over its nuclear program in return for a lifting of economic sanctions.

Currently, key sectors, including energy and finance, are crippled by an inability to trade with the rest of the world, wrote English business-focused newspaper City A.M.

If the economic sanctions are lifted, Iran will be left brimming with opportunities for foreign investment.

According to the Risk Advisory Group, this is because Iran, despite taking some steps backward economically due to the sanctions, has rich natural resources, a large well-educated workforce and a strong geopolitical presence.

“Iran’s potential emergence from isolation could be the most significant opening of an economy since the fall of the Soviet Union and the US’ rapprochement with China,” said Shahin Shamsabadi, head of Middle East business intelligence at the Risk Advisory Group.

Iran has an established banking sector, a sophisticated consumer market, a large number of port facilities and more than 20 free trade and special economic zones that are well placed to serve international companies.

 Of all the sectors, these are the five best ones for foreign investors to get involved in if sanctions are lifted next week: 1-Energy, 2-Aviation, 3-Fast-moving consumer goods (especially retail and food & drink), 4-Automotive and 5-Banking.