Business Mission to Iran

Registration of Interest
Mission Date: 24 Nov (Friday) morning to 29 Nov 2017 (Iran)
(Pls note Armenia Sector is cancelled)

The Singapore Business Federation’s Middle East Business Group (MEBG), is organizing a Business Mission to the Islamic Republic of Iran - 24 to 29 Nov 2017.


The following sector-specific tracks are being arranged. Other tracks may also be included, depending on the eventual confirmed delegation composition / relevance:


  • Track 1: Oil & Gas and Petrochemicals

  • Track 2: Shipping, Ports and Logistics

  • Track 3: Infrastructure, Construction and Real Estate

  • Track 4: Consumer Goods, General Trade and Others


Mission Programme Highlights

The objectives of this mission are for participants to gain a first-hand understanding of the market dynamics and emerging sectors, and establish useful business and official contacts through our network of associations and chambers, investment promotion agencies and professional services.


This includes:

  • Briefing sessions on the countries’ latest developments, investment and business opportunities, tax and legal systems

  • Meetings and site visits with various local conglomerates and government ministries where relevant

  • Business matching and networking with members of the respective local business communities, as well as representatives of the chambers and associations, government ministries, key conglomerates and Singapore companies there

  • Singapore roadshows, which will be coupled with networking sessions with the local business community



  • It will be the Federation’s 6th visit to Iran’s political and economic capital, Tehran.

  • Sector-specific day-trips to the oil and gas region of Assaluyeh and the Bandar Abbas port will also be considered, subject to delegation composition and interest.


  • Delegates will visit Yerevan, the capital and largest city. Armenia is Iran’s 4th largest trading partner and is used as an entry point for Iran.


Please contact Ms Eileen Lee ( Tel: 6827 6874 to indicate your interest and for more information on the programme and costs.
Cost of the Mission to be Advised.

Key Facts about Iran

  • Highly educated population of 80.8 million with median age of 28.3 years and a large middle class


  • Touts one of the most diverse economies in the Middle East and is the world’s 18th largest in terms of purchasing power parity (PPP)


  • Key Manufacturing Industries include iron and steel, ceramics and tiles, construction material, carpets and handicrafts, bitumen and petrochemicals, oil and gas equipment and automotive parts


  • Abundance of Natural Resources – natural gas (18% of global reserves), oil (4th largest in the world), coal, chromium, copper, iron ore, lead, manages, zinc etc are present in large quantities

Potential Opportunities lie in construction and infrastructure, automotive, information and communications, agriculture, tourism and hospitality (particularly hotel construction and development), mining, transport and logistics, oil and gas, FMCG, halal food products, pharmaceuticals

Key Facts about Armenia

  • Population of 2.9 million, with a large external diaspora (estimated 8 million) across the world


  • Growth of 2.9 percent each year forecasted for 2017-18


  • Lifting of sanctions on Iran creates a window of opportunity for Armenia, and access to new markets, including a transit corridor for goods and services between Iran and Russia/Europe, raise expectations for further growth


  • Member of the Eurasian Economic Union (EAEU) which allows for the free movement of goods, capital, services and people, and has an integrated single market of 183 million people and a GDP of over US$4 trillion


  • Potential opportunities lie in energy and mining, alternative energy generation, agribusiness, IT, services (including retail, hospitality and tourism)

Image result for map of armenia


11/24/2017 - 11/29/2017


Friday, 24 November 2017

1) Kamlesh Kumar 2) Jan Tan Jit Seng 3) Goh Lai Peng 4) Lim Sook King

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