Iran returns to the market and it's a business opportunity again
The country needs infrastructure, industry, and services investment as well as the modernization of the oil sector and transport. There is a great demand of 80 million of Iranian people, the money of its oil and billions of dollars which have just been recovered. A new international context will finally turns this regional power into a country full of possibilities.
On 16th January, the CEO of the International Atomic Energy Agency, Yukiya Amano, gave the key to unblock the application of the Teheran nuclear programme. The report presented to UN had the objective of achieving that the UN Security Council, USA and EU lifted the economic and financial sanctions.
The country will need a $150 billion of investment to modernise the industry and the infrastructure, after decades without having access to the latest technology. Although, there is oversupply and crude oil price is less than $30, managers from the large oil companies arrived in Teheran searching for new business opportunities.
In spite of the good news, country citizens will have to wait for long time to see the economic benefits of these big projects with the important needs that the country has nowadays.
The most interested sectors in the Iranian opening are the following: hydrocarbons, industry, rail, aeronautical, automotive sector, tourism, agricultural sector and capital goods sector.
Nowadays, Spain is the third biggest importer of products from Iran in the European Union, with a great advantage in tourism, one of the sectors that can be more developed. Iran will have to build about 300 three, four and five-star hotels in ten years, and Spain could collaborate with the construction as well as the hotel management.
Source: Infocif