Iran - a key region for the industry
Iran is one of the largest and most heavily populated countries in the Middle East. It has a developed and distinct economic structure in a strategically important region with more than 300 million consumers. The Iranian economy is further stabilizing and is forecast to grow by 5,8% percent in 2016.
After the easing of sanctions in January 2016, Iran is becoming the preferred trading partner in almost every industry. Especially in the construction and mining sector a positive development is expected. Machinery, plants and equipment needs to be modernized in the Iranian construction industry, while in the traffic infrastructure, there is great need for investment in road construction as well as for the expansion and modernization of airports, ports and rail mass transit and mainline systems.
The mining sector is also regarded as a sunrise industry because of Iran's resource wealth. Since the Near Eastern country wants to extensively expand its metal industry, this will require a comprehensive expansion of mining. For example, Iran has large deposits or iron ore, copper and zinc. The extraction of marble also plays an important role.