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Market update: Facts about Iran at a glance

Iran is the Middle East‘s leading industrial nation

  • An energy superpower with the world’s largest natural gas supply and the fourth-largest proven oil reserves
  • With 85 million inhabitants the second most populous nation in the Middle East and the 17th most populous in the world
  • Leading industries in the Middle East in car-manufacture and transportation, construction materials, home appliances, food and agricultural goods, armaments, pharmaceuticals, information technology, power and petrochemicals
  • A regional power with major influence in the region
  • A top five producer in the world of apricots, cherries, sour cherries, cucumbers and gherkins, dates, eggplants, figs, pistachios, quinces, saffron, walnuts, and watermelons
  • Geostrategic importance because of its central location in Eurasia and Western Asia, and its proximity to the Strait of Hormuz; a major regional and middle power, exerting considerable influence in international energy security and the world economy
  • Host to Asia‘s 4th-largest number of UNESCO World Heritage Sites and home to one of the world‘s oldest civilisations
  • A multicultural nation comprising numerous ethnic and linguistic groups
  • Dynamic institutions encouraging the establishment of companies thanks to favorable fiscal policy and major economic reforms

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