A couple of weeks after publication of the PIMI Editorial under the title of “Winners and losers in the Iranian nuclear deal“, today the “International Financial Magazine-IFM” wrote an article almost in the same direction.
The article written by “Suparna Goswami Bhattacharya” points:
May 25, 2016: From the time sanctions have been lifted on Iran, it has become a hot destination for investments globally. And there are ample reasons for this interest.
First, one must understand the opportunity that Iran presents and just how high the stakes are. With a GDP of approximately $1.4 trillion, Iran is the 18th largest economy in the world and accounts for 1.5 per cent of the world’s GDP.
In fact, technically, Iran’s economy is better than most countries in Asia and the Middle East. Most Asian economies are still trying to shift out of their dependence on agriculture while the Middle Eastern nations are figuring out a way to diversify from oil. Compared to this, Iran has a strong infrastructure and industrial base. While oil & gas contribute 25% to the country’s wealth, automobile, agriculture, manufacturing & mining industries contribute 10% each.
China won’t be happy
But, China will not be particularly pleased now that Iran is ‘open to all’. Driven primarily by economic interests, the Dragons saw a great opportunity in Iran when other foreign firms retreated in 2011-12.
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