Global financial services firm Morgan Stanley in a report has described Iran as the next biggest investment attraction for international corporations after the fall of the Berlin Wall.
Morgan Stanley in its report has emphasized that Iran’s vast fossil fuel resources have specifically added to its numerous advantages as a lucrative market for international investors.
Iran is considered as the most literate nation in the region with a large and modern economy. It also has a largely urbanized country where 60 percent of the population is under 30. These, the report added, are among other key advantages of Iran.
Morgan Stanley further said Iran is an uncharted territory for investors, stressing that there is no other hydrocarbon frontier economy that has been subjected to comparable economic and political sanctions.
“In the next few years, there are some pretty rapid growth forecasts for Iran — the World Bank expects GDP growth to rise to 6.7% in 2017, largely on the back of increased production of oil and natural gas,” the US-based bank said in its report.
It said car companies are among the key group of investors that are specifically eager to set foot in the Iranian market as soon as the sanctions are lifted.
The potential for an economic upswing when the sanctions are lifted is pretty clear.
“Iran is entering the global economy, and some investment bank analysts are starting to get pretty excited,” Morgan Stanley emphasized in its report.
“In many respects, there is no direct comparator for Iran, given its economic size, the scale of the sanctions imposed and its political structure.”