Page 6 - Iran OUTLOOK 2024

5.0 Investment opportunities
There are a number of high potential areas in Iran’s economy for investment, though attraction of any foreign funds requires dealing with the issue of sanctions.
Oil and gas: Iran is the world's fourth-largest oil producer and the second-largest gas producer. The country has vast reserves of oil and gas, and the government is committed to developing these resources. There are a number of opportunities for foreign investment in the oil and gas sector, including upstream exploration and production, downstream refining and petrochemicals, and oil and gas services.
Petrochemicals: Iran is a major producer of petrochemicals, and the government is investing heavily in this sector. There are a number of opportunities for foreign investment in the petrochemicals sector, including greenfield projects, brownfield expansions and joint ventures.
Renewable energy: Iran has a strong potential for renewable energy development, with abundant solar, wind and geothermal resources. The government is supporting the development of renewable energy, and there are a number of opportunities for foreign investment in this sector, including solar and wind power projects, geothermal power projects and renewable energy infrastructure.
Infrastructure: Iran's infrastructure is in need of significant investment. The government is spending on infrastructure projects, and there are a number of opportunities for foreign investment in this sector, including transportation infrastructure projects, energy infrastructure projects, and water and sanitation infrastructure projects.
Tourism: Iran has a rich history and culture, and is a popular tourist destination. The government is promoting tourism, and there are a number of opportunities for foreign investment in this sector, including hotels, restaurants and tourist attractions.
6.0 Shift in Iranians’ investment preferences
Iranians' inclination to invest in non-economic assets, such as land or housing, has seen a notable increase over the past two years, driven by high inflation rates, the findings of a recent survey by the Iranian Students Polling Agency (ISPA) suggest.
The survey involved 12,000 Iranians aged 15 and above in the seventh month of the current Persian calendar year (September 23-October 22) and respondents were asked about their preferred means of managing savings if given the opportunity. A similar survey was conducted in March 2021-22 Iranian
6 IRAN OUTLOOK 2024 www.intellinews.com