The Summit will be held in collaboration with Basio Consultants & Services Ltd (Hong Kong). The Government of Iran has also endorsed this landmark investment summit in Singapore.
Facilitated by Javad Ansari, the Iranian Ambassador to Singapore, an extensive delegation from Iran will be heading to Singapore, led by Keynote Speaker Dr. Valiollah Seif, Governor of Central Bank of Iran (CBI). Other members of the special delegation from Iran include Dr. Ahmad Jamali, Director of the Foreign Investment Bureau at Iran’s Investment and Technical-Economic Aids Organization, Sadegh Ghafouri, Expert in Foreign Economic Relations, Ministry of Economic Affairs & Finance Organization for Investment Economic & Technical Assistance of Iran (OIETAI) and members of the Tehran Chamber of Commerce.
The Iran delegation will be seeking foreign investors for a wide range of projects in Iran ranging from theme parks and resorts, township development and science & technology parks, marine, petrochemical & aviation projects, waste water treatment, aerospace parks, container shipping, copper processing plant, lead and zinc production plant. The project deal sizes range from USD5 million to over USD200 million.
In February 2016, Singapore signed a Bilateral Investment Treaty with Iran and the country’s Foreign Investment Promotion and Protection Act (FIPPA) provides a legal framework for investment protection by foreign investors keen to invest in Iran. Following this, the MillionaireAsia 1st Iran Investment Summit will be a landmark business exchange in Singapore since the lifting of trade sanctions on Iran by the US government which has not only allowed for foreign trade and investment to once again flow freely through the country, but has resulted in the creation of unprecedented opportunities for investors.
Javad Ansari, the Iranian Ambassador to Singapore expounded on Singapore and Iran’s long and mutually beneficial history, with an even more fruitful future ahead saying “Iran is the 29th largest economy globally, holding the world’s second biggest gas reserves and fourth largest oil reserves. The total trade volume between Iran and Singapore stood at SGD6.6 billion in 2011, a figure which was reduced significantly in the last couple of years due to embargoes. Iranian companies are anxious to re-capture their lost market share in various areas, notably energy commodities. As such, Iran is looking to expand its shipping fleet and that is where Singaporean companies can find a quick win. Furthermore, the offshore drilling both in the Persian Gulf and Caspian Sea is a priority for Iran’s upstream oil and gas industries and Singaporean corporations have a role to play in case they proceed timely.”
Aside from marine industries, the ambassador also mentioned water desalination, irrigation technology and hydro-transfer projects as other areas in which Singaporean companies can play a role. Conversely, Singaporean companies can represent Iranian exporters of energy commodities, dried fruit, bitumen and petrochemical products in the SEA region. The ambassador believes cooperation grounds are also vast in soft commodities, power generation and engineering services.
Event organizer, MillionaireAsia’s Group Publisher and Managing Editor Brian Yim commented “The 1st Iran Investment Summit is a private sector initiative that seeks to bring a diverse range of interesting and bankable projects from Iran to investors in Singapore and regional countries. We are pleased to collaborate with the Government of Iran and our Hong Kong partner, Basio Consultants & Services (Hong Kong), to create a platform for entrepreneurs and top level officials together to facilitate deals to be done.”
As a privileged and unique entry into untapped business opportunities in the region, the 1st Iran Investment summit will feature a number of bankable projects. Apart from Singapore, investors from Hong Kong, Malaysia and Indonesia are also expected at the event. Tech will also be an important subject at the summit with Fintech company and main sponsor, DasCoin leading the ranks. Michael Mathias, CEO of DasCoin believes Iran is ripe for the Fintech revolution; “Iran is in prime position to be at the forefront of the fast-growing global fintech industry. The opportunities there are tremendous given its young, well-educated, 80-million strong population. At DasCoin, we are convinced that Iran will strengthen its economic advantages and fortify its place as an economic world power by embracing technological innovations such as cryptocurrency. The people of Iran are uniquely aware of the limitations of the current global monetary system and have the capability and proclivity to lead the transition to the emerging digital alternatives.”
HA/PR
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