Iran with an area of 1،648،196 sq.km is the second largest country in the Middle East and has been located in South- West Asia. The population is about 78.03 million people. The country is regarded as one of the richest countries in hydrocarbon reserves, so that it ranks the second for gas reserve and its export as well as the fourth for exporting crude oil in the world. According to the reports of the international institutions like the World Bank, Islamic Republic of Iran, with having more than 700 billion dollars GDP, scores the eighteenth out of twentieth outstanding economies, eighteenth and sixteenth for population and area respectively.
The 18th largest economy in the world by Purchasing Power Parity (PPP)
• The diversified economy and broad industrial base with over 40 industries directly involved in the Tehran stock Exchange is the industrial base in the MENA region.
• Resource-rich economy
• Labor-rich economy
• Young and educated population
• Large domestic market
• The Middle East market is a prime market opportunity for Iran’s non-oil exports
• An increasingly sophisticated infrastructure and human capital base providing the foundation for an emerging knowledge –based economy.
Development of international relations
Uniform valuation of foreign currency by the government
$20 billion dollars invested in oil and gas industries by private and foreign investors
Two-fold increase of GDP
Natural & mineral resources:
4th to 10th producer of zinc and cobalt
4th rating in variety of agricultural products
Largest and greatest number of industries in the Middle East and North Africa
High rating in aluminum, magnesium, and copper resources
Iran has 80 Public universities, 25 private universities as well as a lot of Research institutes.
The number of students has increased from 170,000 students in 1979 to 4,350,000 million.
About 700,000 students graduate from universities annually.
Total of Iranian students in universities are 4,400,000 that 1,920,000 of them are women.
Iranian students studying in 2390 universities (governmental and nongovernmental).
Iran has 1,600,000 engineering students studying in Iranian universities.
About 14000 foreign students studying in Iran.
About 3,200,000 students studying in Iranian high school (governmental and nongovernmental).
Supportive Government Policies:
The Law on foreign investment in Iran under the name of “Foreign Investment Promotion and Protection Act” (FIPPA) was ratified by the parliament in 2002.Some specific enhancements introduced by FIPPA for foreign investment in Iran can be outlined as follows:
1-Broader fields for involvement by foreign investors including in major infrastructure;
2-Broader definition given to foreign investment, covering all types of investments from FDI to different types of project financing methods including :Civil Participation, Buy –Back arrangements, Counter trade and various BOT schemes;
3-Streamlined and fast track investment licensing application and approval process;
4-Creation of a one stop shop called the “Center for foreign investment Services” at the organization for investment for focused and efficient support for foreign investment undertaking in Iran;
5-More flexibility and facilitated regulatory practices for the access of foreign investors to foreign exchange for capital transfer purpose.