Sunday 06 / October / 2024
Muscat: After decades of isolation from international markets due to sanctions, Iran is all set to hold a roadshow in Oman, on February 24, to showcase various investment opportunities available in the country.
‘Iran Capital Market Roadshow’, which will take place at Ritz Carlton Al Bustan Palace, Muscat, will be addressed by senior representatives of Iran’s Ministry of Foreign Affairs, Ministry of Economy and Finance, Central Bank of Iran, Tehran Stock Exchange and the Organisation for Investment Economic and Technical Assistance of Iran.
On the other hand, Iran’s private sector will be represented by a range of financial entities including leading bankers and executives from Sina Bank, Sina Insurance, Sina Leasing, Behgozin Brokerage Company and Magellan Capital.
Speaking at an event in Tehran on Monday, Behzad Golkar, the chief executive officer of Sina Holding said: “Global investors are never going to see a country of this size and sophistication open up again. Our Muscat roadshow will focus on a wide range of opportunities available to investors interested in Iran, in particular our well-developed capital markets, as well as looking at the industries, sectors and asset classes likely to deliver the strongest returns in the longer term. This is a genuinely unique opportunity and the scale and intensity of international investor interest in our economy means that now is the time for serious investors to make their moves.”
Holding the world’s fourth largest oil reserves and the second largest stocks of natural gas, Iran is the region’s most diverse economy with an established capital market, a well-developed industrial base and a large population that generates a significant demand for services such as telecommunications and banking. Gross domestic product in 2014 was around $437 billion, ranking it as the world’s 27th largest economy, ahead of nations such as Austria.
