02:06 GMT +320 November 2019
Listen Live
    Mohammad Nahavandian Chief of Staff of Iran Presidency attends the session Next Steps for Iran and the World during the Annual Meeting 2016 of the World Economic Forum (WEF) in Davos, Switzerland January 20, 2016

    Iran May Become World's Most Promising Economy Within Ten Years

    © REUTERS / Ruben Sprich
    Middle East
    Get short URL
    0 124
    Subscribe

    Chief of Staff of the President of Iran Mohammad Nahavandian said that Iran has the capacity to become the most promising emerging economy in the coming decade and would like to share this opportunity with global investors.

    DAVOS (Sputnik) — Iran could become the world's most up-and-coming economy over the next ten years, Chief of Staff of the President of Iran Mohammad Nahavandian said Wednesday.

    "Iran has the capacity to become the most promising emerging economy in the coming decade and would like to share this opportunity with global investors," Mohammad Nahavandian said on the sidelines of the World Economic Forum Annual Meeting in Davos.

    Held between January 20-23, the event is set to be attended by over 40 world leaders and over 1,000 top CEOs.

    The development comes just days after Saturday's lifting of the international sanctions in place against Iran which followed the International Atomic Energy Agency's (IAEA) confirmation of Tehran’s compliance with the Joint Comprehensive Plan of Action (JCPOA).

    The lifting of anti-Iran sanctions became possible after Iran reached a deal on its nuclear program with the P5+1 group of international mediators on July 14, 2015. The deal entailed Iran agreeing to ensure the peaceful nature of its nuclear program in exchange for sanctions relief.

    Ahead of the deal's implementation day, Iran began holding talks with various foreign investors as well as planning to reenter global energy markets and make large-scale state purchases abroad.

    Iranian oil exports are expected to add 600,000 barrels a day to the global market by the middle of the year, according to the International Energy Agency.

    Related:

    Gazprom Mulls Joint Energy Projects With Iran After Sanctions Removal
    Japan to Lift Iran Sanctions Friday
    Iran Set to Start Construction of Two Nuclear Power Plants
    Both Russia and Iran Benefit From Lifting Sanctions Against Tehran
    Tags:
    economy, World Economic Forum in Davos, Mohammad Nahavandian, Iran
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik