IRAN TRAVEL AND TOURISM INDUSTRY
Iran tourism industry with 4.9 million international tourists visiting the country in 2016 has a 7.3% contribution to the GDP. Ranking as the most price-competitive destination worldwide in 2016 along with numerus UNESCO world heritage sites, Iran has the potential to experience a large growth in international arriving tourists from neighboring countries. Thus, investment opportunities can be promising if chosen thoughtfully.
HOME APPLIANCE INDUSTRY IN IRAN
Home appliances in Iran are used by all urban and rural segments and are commonplace in both households and offices. However, the production of these appliances internally is unable to meet the demand of the country, and therefore presents a significant investment opportunity.
In Iran there are more than 20 million households and it is estimated that the market value to furnish these with the required home appliances is 5.7 billion USD.
Iran Logistics Industry
Iran used to be one of the most important countries in the way of silk road in ancient times, and nowadays because of its strategic location in the Middle East is considered as one of the important hubs in the world.
Iran utilizes Railway, Road, Air and Sea to transport goods through the country as well as to facilitate international trade between countries. At present over 90% of all cross border trade is conducted via Seaway, whereas the majority of domestic trade takes place via Roadways.
Iran Automotive Industry Outlook 2025
The Iranian automotive industry with total sales of 12 billion USD, makes up for approximately 19% of the countries total industry, as well as for approximately 2.5% – 3% of Iran’s GDP. Furthermore it is responsible for 14% added value creation contribution to the whole industry.
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Iran Banking Industry
There are 30 banks and 5 financial/credit institutions active in Iran, where banks are the main source of funding for development plans and companies. The Iranian banking industry makes up for 2.5% of GDP and has the second highest penetration rate in the MENA region. Iran is the only Muslim country besides Sudan where the entire financial industry is obliged to be consistent with the principles of sharia law, accounting for more than 40% of the world’s total Islamic banking assets.
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Fast Food Industry Iran
Iranians love fast-food, not only for the cuisine itself, but as a leisure activity and a means of socializing. 79 million Iranians (23.8 million families) are spending 6.3 billion USD annually eating at restaurants according to official statistics in 2013. During the 8 years from 2005 to 2012, Iranian spend on restaurants increased by 120% and in the coming years this increase rate is forecast to be significantly higher.
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Pharmaceutical Industry Iran
In 2014 the Iranian pharmaceutical market was estimated at 2.35 billion USD and it is predicted to be at 3.31 billion USD in 2019, with a CAGR of 7.5 percent. High medicine consumption rates amongst Iranians have been recorded with every citizen using approximately 340 units on average per year (almost one medicine unit each day). This makes Iran the second largest consumer per capita in Asia and the 20th in the world.