Machinery & Equipment Iran
Machinery & Equipment Industry Opportunities
After being massively impacted by the sanctions, the Iranian industrial sector will be one of the main drivers of Iran’s growth in the post-sanction era and will have a growing importance in its economy.
The 2025 vision developed by the government aims at making Iran the main economic power in the region. One dimension of the plan consists of large scale public investments across several sectors of the economy, mainly in the modernization of the country’s infrastructure.
The new policies set up by the Iranian government aim at facilitating foreign investments in the country.The current business environment is very propitious to the establishment of joint ventures with local companies. If the opening of Iran to the international trade and stabilization of the political situation is confirmed, total FDIs should reach 20 $Bn in 2025.
The Iranian industry is dynamic and diverse and its workforce is skilled and well educated, but its infrastructure is outdated and in dire need of modernization. detailed information are provided beside.
The ‘Foreign Investment Promotion and Protection Act’ (FIPA) – has been implemented by the government to protect foreign investors and limit the investment risk. It has so far proven to be an effective mechanism.