High-Tech Products Investment in IRAN

Date : 2016-02-01

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High-Tech Products Investment in IRAN

Following the lifting Iran sanctions, international investors have been lining up behind Iran open doors.

 

The World Bank is lowering its 2016 forecast for crude oil prices to $37 per barrel in its latest Commodity Markets Outlook report from $51 per barrel in its October projections. The lower forecast reflects a number of supply and demand factors. These include sooner-than-anticipated resumption of exports by the Islamic Republic of Iran, greater resilience in U.S [1].

After a long-time separation from international markets, Iran is now ready to have long-term global collaborations in variety of fields including agriculture and foodstuffs, manufacturing, handicrafts, automobile manufacturing, construction, petrochemicals, energy, gas and petroleum, healthcare and more importantly high-tech products.

It is true that the economy of Iran is dominated by oil and gas production, but interestingly, Iran has been investing on high-tech products manufacturing since being imposed by sanction.

“Shortage brings Creativity”

Having a vast number of companies active in the field of high-tech laboratory and industrial equipment (Nano and Biotechnology, Textile, Information Technology, Automotive, Photonics,…) have made Iranian high-tech products highly demanded by international markets.

Islamic Republic of Iran ranks 7th in the world and 1st among the Islamic countries in scientific production and nanotechnology with producing over 4 percent of all articles in the world and 42 percent of scientific production in the Islamic World. Nano development and compiling a 10-year plan, promotion and discourse making, infrastructures, manpower development, production of science and technology, and marketing and industrial development are prospects of Iran Nanotechnology Initiative Council (INIC).

Around 148 companies are active in the Nano market which have sold rls790 billion in the current Iranian year (ending on March 20) and the estimate for the next Iranian year is rls1, 630 billion.

An anti-cancer medicine at a cost of around $12 has been successfully manufactured while each milliliter of the drug was imported at a cost of $700.

Developed countries have invested heavily on nanotechnology and countries such as US, Japan, and Russia have invested over $5 billion in this field while Iran investment does not reach $60 million [2. 3].

TESC, is looking for any international investor which are interested in finding good investment opportunity in Iran's market. Please feel free to contact with TESC for any future collaborations.

 

[1] http://www.worldbank.org/en/news/press-release/2016/01/26/world-bank-lowers-2016-forecasts-for-37-of-46-commodity-prices-including-oil

[2] http://en.nano.ir

[3] http://www.irna.ir/en/News/81506708/

 

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