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The improving climate for investment in Iran has seen billions of Dollars' worth of deals signed in recent weeks. This is expected to stimulate increased demand for construction equipment in the country, which is the subject of one of Off-Highway Research's latest and most widely read Multi-Client Studies, The Construction Equipment Industry in Iran.

The prospects for in Iran’s oil and gas industry have received a significant boost, with both Shell and Total signing agreements which will lead to multi-billion Dollar investments. In the case of Total, the France-based oil & gas company has signed a US$ 4.8 billion three-way deal with China’s CMPC and Iranian oil company Petropars to develop the South Pars gas field. At 34 billion m3, Iran has the largest natural gas reserves in the world.

These developments come at a time when senior Iranian government officials are travelling the globe in a charm offensive designed to encourage foreign direct investment in other parts of the country’s economy. Foreign Minister Mohammad Javad Zarif has recently addressed groups of Japanese and Chinese business leaders on investment opportunities in Iran, while the Indian government and private sector is looking to invest up to US$20 billion in the development of the Port of Chabahar and Farzad B gas field.

All of these investments entail significant amounts of construction, which in turn will lead to equipment sales. The landscape of Iran’s construction equipment industry is laid out in Off-Highway Research’s 150-page September 2016 Multi-Client Study, the Construction Equipment Industry in Iran, which is recognised in the sector as the definitive work on the industry. Click here for more details of the report. There is also a video available discussing the report’s key findings. Click here to view the video on YouTube.