Economy, Business And Markets

Singapore to Host Iran Investment Summit

Singapore to Host Iran Investment Summit
Singapore to Host Iran Investment Summit

Organized by MillionaireAsia Pte Ltd and in collaboration with Hong Kong-based Basio Consultants and Services Ltd, the First Iran Investment Summit will be held in Singapore on October 26. A large Iranian delegation, including Central Bank of Iran’s Governor Vallioah Seif will be heading to Singapore to attend the event. “The lifting of sanctions on Iran has created unprecedented opportunities for investors,” a press release by MillionaireAsia reads. “The Iranian economy has strong fundamentals and is expected to grow at an average rate of 4-6% per annum over the next five years.

Iran has a population of 80 million and is the key gateway to the Commonwealth of Independent States, creating a potentially huge captive market of 380 million people.”

In February 2016, Singapore signed a Bilateral Investment Treaty with Iran and the country’s Foreign Investment Promotion and Protection Act provides a legal framework for investment protection by foreign investors keen to invest in the Islamic Republic.

MillionaireAsia is a regional multi-channel platform targeted at high net worth individuals in Asia.

Add new comment

Read our comment policy before posting your viewpoints