iAdvisory Seminar: Doing Business in Iran
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The Middle East's 2nd Largest Economy
- Iran is one of the most populous and resource-endowed countries in the Middle East. Despite sanctions, Iran’s GDP grew by 4.3% in 2014 to reach US$416.5 billion, making it the region’s second largest economy after Saudi Arabia.
Diversified Economy Relative to the Region
- Iran possesses the world’s fourth-largest and second-largest reserves of oil and natural gas respectively. Yet it has a diversified economy relative to the region, with oil and gas revenue accounting for only a quarter of its economic output.
Opportunities for Economic Growth
- The Iranian government has identified three sectors to grow the economy. These are i) oil & gas, ii) infrastructure and iii) tourism & hospitality. While developing its oil & gas production capacity is a priority, the government is also intensifying efforts to resolve its infrastructure needs, and at the same time, developing its tourism potential.
Attractive Legal Framework for Foreign Investors
- Iran’s Foreign Investment Promotion and Protection Act (FIPPA) provides a legal framework for investment protection by foreign investors keen to invest in Iran, and is likely to provide the basis for attraction of foreign investments through PPP initiatives. Singapore has also signed a Bilateral Investment Treaty with Iran in February 2016.
- Market knowledge and enhanced business prospects by gaining the latest insights on the market, direct from experts on Iran
- Latest update on sanctions imposed on Iran and discussion on any possible grey areas and implications on trade and customs regulations
- Discover promising trade and investment opportunities available to Singapore companies
- Understand Iran’s financial ecosystem and banking facilities that companies could use for doing business in Iran.
* programme subject to change without prior notice
|9.00am||Registration and Networking|
|9.30am||Welcome Address by IE Singapore|
Mr Yew Sung Pei, Assistant Chief Executive Officer, IE Singapore
|9.40am||IE Market Insight: Outlook on Iran and the Investment Opportunities|
Mr Nur Iman Aris, Centre Director, Middle East & Africa Group, IE Singapore
|10.10am||Establishing a Business in Iran|
Mr Mohammad Reza Allahverdi, Managing Director, Elite Elements Pte Ltd
|10.40am||Networking Tea Break|
|11.00am||Update on Sanctions Imposed on Iran|
Mr James Willn, Partner, Stephenson Harwood Middle East LLP
Mr Durai Shunmugam, Partner, Stephenson Harwood (Singapore) Alliance
|11.30am||Understanding Iran’s Banking System|
Mr Sanjay Uppal, CEO, StraitsBridge Advisors Pte Ltd
|12.00pm||Q&A Panel Discussion- Doing Business in Iran|
Moderated by: Mr Nur Iman Aris, Centre Director, Middle East & Africa Group, IE Singapore
|12.45pm||End of Event|
Who Should Attend:
Business owners, key decision makers and business development managers with an interest in Iran.