Iran is working to attract direct foreign investments a year after it signed a nuclear deal with world powers that saw the lifting of sanctions.

In January, the economic and financial sanctions which had been imposed on the country began to be gradually lifted, opening the country up to foreign investors.

The Iranian market is particularly attractive in the energy field, but the country’s legal and financial systems still need to be developed, according to observers.

A report about the impact of the lifting of sanctions on Iran’s economy and trade found that the country provides investors with opportunities to invest in 12 sectors. The report was prepared by KPMG, the giant global company that provides audit, tax and advisory services, in collaboration with the Turkish Exporters Assembly and the Turkish Foreign Economic Relations Board.

It said that oil, natural gas, mining and electronics top the fields where there are opportunities for foreign investors, and estimated the value of potential investments in the 12 sectors at $250 billion.

Iran’s Ambassador to Turkey Mohammad Ebrahim Taherianfard told the Anadolu Agency that after the nuclear deal was reached, a comprehensive action plan was reached to attract investors and foreign companies.

Source: middleeastmonitor.com