Private Sector

Holding officials accountable, focusing on succession planning, forming a team of professional consultants and providing solutions based on expert studies are among the priorities of the new…

The gas unit of Qeshm Pasargad Combined-Cycle Power Plant on Qeshm Island, Hormozgan Province, has come on stream to help stabilize power supply in the Persian Gulf’s largest island. “An…

Head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) said it is the private sector that bears the brunt of higher taxes forecast in the government budgets. …

The development of oil and gas fields shared with neighboring states is a top priority, but unfortunately the Oil Ministry has long been grappling with financial constraints, a lawmaker from…

Private firms have invested $86 million to expand wastewater networks in three cities in Kerman Province and the southeastern province now holds the record for the highest private investment in…

The state-owned Iran Minerals Production and Supply Company handed over about 50 trillion rials ($284.09 million) worth of mineral projects to the private sector in the last fiscal that ended on…

Governmental bodies are prohibited from owning teams in professional sports leagues, as per the country’s law that has been loosely implemented in recent years. However, it seems that the…

In a letter to President Hassan Rouhani on Tuesday,  heads of commerce chamber that represents private companies called on the government to adopt supportive measures to protect businesses…

The government needs to shift its focus from collecting tax from registered private-run businesses to tax evading companies.  This was stated by Mehrad Ebad, a member of Tehran Chamber of…

Private sector in Iran cannot make miracles happen in international oil business under the sanctions regime as it was never trained for a large and unknown market.

A study conducted by the Statistical Center of Iran has for the first time measured the share of the private sector in the national economy.  The findings indicate a bigger role for the…

Iran's top private sector representatives are increasingly focusing on improving the country's doing business ranking of the World Bank and have come up with actionable solutions that will…

The National Iranian Oil Company is set to assign the private sector with some 40 projects on curbing the flaring of associated petroleum gases from southern oilfields to be used in…

The Iranian government is a step closer to achieving its long-sought objective of involving the private sector in the startup and knowledge-based ecosystem with the inauguration of a privately-…

A private company in Kurdestan Province will build a fruit processing factory in Marivan County.  “Around 3.5 trillion rials (more than $43.75 million) will be invested into the project,”…

The Energy Ministry has called on the Renewable Energy and Energy Efficiency Organization—a state-owned entity also known as Satba—to prepare the ground for private sector investment in and…

Private investments in the renewable sector are projected to reach 200 trillion rials ($4.7 billion) by the end of next fiscal year (March 20, 2020), the head of Renewable Energy and Energy…

Iran is keen to play a bigger role in the global natural gas market with the help of its private sector, the managing director of National Iranian Gas Company said.

Private companies invested 100 trillion rials ($2.38 billion) in the renewable power industry over the past two years, said the head of Renewable Energy and Energy Efficiency Organization, also…

Iranian Mines and Mining Industries Development and Renovation Organization inaugurated 23 mineral projects worth $2.3 billion in collaboration with the private sector last fiscal year (March…

President of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafei is leading a business delegation to France, which departed from Tehran on Sunday, to facilitate…

President Hassan Rouhani has called on the private sector to play a serious role in the economy, stressing that his government will ensure the business community benefits from the resources of…

The number of private museums in Iran is surpassing that of state-run museums, having doubled to 66 in less than four years.