PRTODAY / NewswireToday Free press release distribution service network

More news: Economy
Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Iran Economy Exhibits Renewed Optimism, Open for Investments Across Industries, Targets Export Markets Notes Frost & Sullivan - The country’s economy is expected to recover on account of the upturn in private consumption and the successful diversification into the non-oil sector -
Iran Economy Exhibits Renewed Optimism, Open for Investments Across Industries, Targets Export Markets Notes Frost & Sullivan


NewswireToday - /newswire/ - Mountain View, CA, United States, 2015/12/23 - The country’s economy is expected to recover on account of the upturn in private consumption and the successful diversification into the non-oil sector -

Your Banner Ad Here instead - Showing along with ALL Articles covering Economy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Iranian authorities have adopted a comprehensive strategy covering market-based reforms as reflected in the Government’s 20-year Vision document and Iran’s fifth Five-Year Development Plan (FYDP, 2011 15). Iran's new budget will focus on privatization, subsidy reforms, and promulgating a law that would make the country’s state budgets independent of oil export revenue. The lifting of sanctions has brought an ever-increasing influx of the world’s corporations to Tehran to make contacts and express their interest in investing in the country.

A Rejuvenated Economy
The second largest economy in MENA after Saudi Arabia and a population close to 80 million makes Iran the second most populous nation in the area. Of its people, 60 percent are below the age of 30 indicating a huge domestic consumption economy. The economy has made some made good strides since 2013. Growth went up to 4.3 percent in 2014 from -1.9 percent in 2013. Additionally, inflation declined from 34 percent in 2013 to 15.5 percent in 2014. Economic growth in Iran is expected to pick up in 2016-2017 driven by higher oil production, lower costs for trade and financial transactions, and restored access to foreign assets.

The lifting of sanctions has catalyzed a ripple of positive boosters to the Iranian economy. First and foremost would be a positive external demand boost, both for oil and non-oil exports. In addition, the decline in the cost of external trade and financial transactions is expected to lower the price of imports while raising the price of exports. Finally, restored access to foreign assets and higher oil exports would also trigger a positive wealth effect. Taken together, these three propellants are likely to create a significant momentum in the outlook for the Iranian economy in the years ahead, outweighing the adverse effects from the sharp decline in global oil prices over the past year. The World Bank estimates that foreign direct investment would double to $3 billion a year, although this would still be below the 2003 peak. The need of the hour is structural reforms of the business climate and labor and financial markets that would play a key role with respect to growth.

Pan-sector Growth Anticipated
Influenced by the Government and the industry alike, multiple initiatives and strategic plans are being drawn to promote industrial development and growth across a multitude of industries. Initiatives are bearing results with Iran moving 9 places forward in the World Economic Forum’s global competitiveness ranking to the 74th rank.

Iran’s automotive sector is the country’s second largest industry after oil and gas, accounting for 10% of the GDP. The Automotive Manufacturing Hub at the Chabahar economic free zone in Iran’s southeast will host the country’s third automobile manufacturing hub. The Strategic Chabahar free trade zone is the shortest and the most secure route connecting central Asian independent states (CIS) and Afghanistan to international waters. It is also the only ocean port of the country. Iran used to be the 10th largest market for cars and trucks in the world. Since the lifting of sanctions the country has been gaining keen attention from Peugeot, which used to be a dominant player in Iran, as well as Renault and General Motors.

Another sector that is evolving is Iran’s steel industry, which plays the main role in industrial development and economic prosperity of the country, and has been attracting attention of economic professionals, investors and decision makers. A recent Iran Steel Market Conference held in Tehran, has further opened up the investment opportunities for the steel industry in the country.

Iran’s robust banking sector that represents the world’s largest financial system based on Islamic, or sharia, law is exhibiting rejuvenated enthusiasm. The lifting of sanctions is expected to turn the Iranian banks to positive credit. Significant new business opportunities are expected to arise from increased trade and investment in the sizeable Iranian economy. This would, in turn, boost growth in the banking sector and support the performance of their loans. Also, the repatriation of frozen assets and potential interest from foreign investors and financial institutions in the Iranian banking sector would allow domestic banks to strengthen their solvency levels through much-needed recapitalization. Banks and financial institutions have a huge opportunity with the Government planning almost $40 billion of infrastructure development, which would require significant bank financing.

Capital Intelligence (CI), the international credit rating agency, officially rated in October 2014 Iran’s long-term and short-term foreign and local currency ratings as ‘B’. These ratings were also further affirmed by the World Bank. ‘B’ ratings indicate that the financial credit as well as the long-term and the short-term risks of securities sold by the Islamic Republic of Iran internationally are good compared to other developing nations. This rating is based on Iran’s ability to attract financial resources or sell bonds (such as receiving kinds of bank loans, issuing instruments, securities, and Islamic bonds) in the international market.

The study was undertaken by the Innovation and Knowledge Center (IKC), which is the fundamental intelligence hub of Frost & Sullivan’s consulting and strategy consulting business in the Middle East, North Africa, and South Asia. It consolidates all forms of analysis including technical, application-related, economic, financial, and market under a single umbrella. In addition to creating comparative studies for countries such as the attractiveness index, the economic research arm of IKC has a portfolio of products, which can aid a market player to understand the impact of various macroeconomic forces and make the best of them in a business environment. Some of these enablers are country profiles, multi-country comparative studies, PESTLE analysis, and impact analysis of global economic and political developments, investment trackers, and economic pulse monitors.

To know more about Iran’s Investment Policy or the Practice please get in touch with our Corporate Communications Team, send an email to Ravinder Kaur / Anita Chandhoke at ravinder.kaur[.] / achandhoke[.]frost.comwith your full name, company name, title, telephone number, company email address, company website, city, state, and country.

About Frost & Sullivan
Frost & Sullivan (, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

• The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation, and implementation.
• The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Your Banner Ad Here instead - Showing along with ALL Articles covering Economy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Written by / Agency / Source: Frost & Sullivan


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick Newswire Today Visibility Checker


Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

# # #
  Your Banner Ad showing on ALL
Economy articles,
CATCH Visitors via Your Competitors Announcements!

Iran Economy Exhibits Renewed Optimism, Open for Investments Across Industries, Targets Export Markets Notes Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan | Capital Intelligence
Publisher Contact: Ravinder Kaur / Anita Chandhoke - 
+91 44 66814413 / +91 80 67028020 ravinder.kaur[.] / achandhoke[.]
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Economy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Read Latest Articles From Frost & Sullivan / Company Profile

Read Economy Most Recent Related Newswires:

Elevated Investment of $55.6 bn in Infrastructure Development Anticipated for Kenya Finds Frost & Sullivan
Industry 4.0 Business Ecosystem to Change Dynamics in the Global Industrial Landscape Finds Frost &Sullivan
Frost & Sullivan Assesses the Investment Climate in India and its Impact on Next-Generation Investors
Frost & Sullivan Launches Malaysia Mega Trends Report in Collaboration with Malaysian Investment Development Authority
Austria’s Government to Pass New Tax Package
Global Leaders Identify Critical Issues to Overcome Economic Development Challenges At the Economic Development Innovation (EDI) Council Meeting
Russian Internet Remains Growth Hotspot in the Country’s Economy Finds Frost & Sullivan
Converging Industries and Smart Cities to Present Market Opportunities Worth $1.5 Trillion by 2020 Says Frost & Sullivan
Business Credit Quality Weakened in August Says WAIN Street Business Default Index
GE to Invest $2 Billion in Africa by 2018
Greenville, South Carolina Names New Executive to Lead Economic Development Efforts
Greenville, SC Economic Development Group Announces Strong Job, Investment Creation for 2013
Greenwood, S.C. Economic Development Group Names Heather Simmons Jones as CEO
APEC to Recognize ‘Intelligent Transportation’ Innovator
Fortune Company Mentor CEO Space Chairman Berny Dohrmann 'Entrepreneuers Are Recovering The Economy'

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business



Visit  NAKIVO, Inc.

  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (