Event: Doing Business in Iran

Join us for our next FREE International trade event, this time we are focussing on doing business with Iran. With presentations coming from Middle East Association (MEA) and UK Export Finance we will explore:

• How to enter the Iran market
• What business opportunities there are in Iran
• What to be aware of culturallywhen doing business in Iran
• What trade missions are currently running in Iran

Talks from:

• Peter Meyer, CEO, Middle East Association
• David Scott, UK Export Finance

Iran is the second largest economy in the Middle East after Saudi Arabia with an estimated nominal GDP of $397bn in 2015.It has the second largest population in the Middle East after Egypt with around 80 million people. Over 60% are estimated to be under 30 years old and the workforce is highly educated.EU trade with Iran currently stands at around $8bn and is expected to quadruple in the next 2 years.

Iran’s economy is currently reliant on the oil and gas sector as it hasthe second largest gas reserves in the world and fourth largest oil reserve, howeverthe country is looking to diversify its economy. Iran also possesses significant agricultural, industrial and service sectors.

The Iranian Government is keen to attract foreign investment, with foreign direct investment needed across all major economic sectors.Over a trillion $ of investment in infrastructure is likely to be needed over the next 10 years. Key opportunities will also include the energy sector, automotive and airline manufacturing sectors. There may be an increased demand for consumer goods such as electronics and clothing.

Iran has opportunities in most sectors and these are likely to grow as the market in Iran expands. There are a number of key sectors that have potential for UK companies