Iranian Market

#Iranian Market

A case study for dramatically changing barriers of entry in any market, Iran has hyped the globe with its potential the last couple of years. As a nation Iran recognizes its potential and the value of attracting and working with other countries, and this can be seen by the changes made by the government throughout the 2000s and still going, after all there is a reason why in 2010 Iran ranked 6th globally when it comes to attracting foreign investors.

The latest MENA Economic Monitor Report – Spring 2016, expects Iran’s growth to rise to 4.2 % and 4.6% in 2016 and 2017, as a result of the lifting of the sanctions and a more #business-oriented environment. And although the UAE have traditionally been the main country of investment influx, competition is now actually expected over potential investment opportunities.

Oil & gas, automotive, mining and petrochemicals are all booming sectors in Iran and it is a well known fact. However, with private consumption moving from -9.3% decline in 2013 to a 3.9% growth in 2015 and exports, goods and services from a flat 0.0% to 6.3% respectively the world is now getting caught off guard with the vastness of untapped prospects that all other sectors now bring to the table.

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