Foreigners Investing in Iran

Quercus Investment Partners, a renewable energy investment firm based in UK, will invest $600 million in a solar power project in Iran.

Established in 2010, Quercus is regulated by the FCA in UK and has a portfolio of around 40 renewable energy plants across Europe. Iran project is its first investment outside Europe. Its local partner is Sunir which helps to build the plant in conjunction with Spanish firm Bester.

More details follows from Reuters:

Regus, the world's largest provider of flexible workspace solutions, has entered Iran and just opened their first location in Tehran Valiasr street.

Listed on the London Stock Exchange and based in Luxembourg, Regus has 3,000 business centers, spanning 900 cities across 120 countries. In Tehran they have partnered with Edge Business Group.

To see more details about Regus Iran presence, check their website at iran.regus.com (Make sure to mention referral from PersiaBeat for a great discount on office space!)

Richard Branson, founder of Virgin Group, has been an optimist about the talks leading to an Iran deal - and he proved to be right.

Back in March 2014, he wrote a piece in the Virgin official website titled "Optimism over Iran". He writes: "One of the most exciting things happening in the world today is Iran being brought into the global community".

"The international community should embrace, welcome and celebrate what looks like being one of the most important foreign policy breakthroughs of our generation", he continues. (Also after Lausanne agreement in April 2015 he writes another piece congratulating all parties involved).

(If you need to see case studies of foreign companies already active in Iran, check our Directory of Foreign Companies in Iran.)

Accor, Europe's largest hotel group by number of rooms, has started the operation of their first four-star Axis hotel in Tehran - Financial Times is reporting.

This is the first time since the revolution 36 years ago that a western company has started managing a hotel in Iran. A five star Axis Prime is also set to open nearby in the same airport complex.

Accor Iran is listed in the Directory of Foreign Companies in Iran with the code ISJ21.

More details follows from Financial Times

Continue reading "Accor hotels enters Iran and starts its first hotel operations" »

Agah Group, a Tehran-based financial firm, and First Frontier Capital a London-based boutique investment bank, has announced an MOU to work together on producing research reports on the Iranian stock market.

According to Nicholas Banszky Chairman of First Frontier this partnership is in response to an increasing number of requests from their institutional clients who are preparing for a time when relations between the West and Iran are normalized.

First Frontier is listed in the Directory of Foreign Companies in Iran with the code PB206.

More details follows

Continue reading "London firm First Frontier signs MOU with Tehran brokerage firm Agah" »

The Italian public shoe-maker Geox, with a $1 billion valuation, has been operating in Iran since 2008. Recently their chairman visited Iran and provides interesting details on their Iran operation.

Through partnership with their Iranian partner Caspian Mode, with seven shops in four different cities, they have already sold around 85,000 pair of shoes and 15,000 of different clothes. They expect this to double in the next few years.

Geox and its Iranian partner Caspian Mode is listed in the Directory of Foreign Companies in Iran with the code XJ174.

More details follows

Continue reading "Italian $1 billion shoemaker Geox CEO visits his Iran operation" »

Charlemagne Capital, a London-based emerging market asset management group with about $2.5 billion under management, and Turquoise Partners, a Tehran-based financial services firm, have teamed up to establish funds that will invest in the Iranian securities markets - Reuters is reporting.

Charlemagne expects the fund initially to raise over $70 million from global investors, increasing beyond $200 million in the short term - Dominic Bokor-Ingram, portfolio adviser at the firm said.

Charlemagne is listed in the Directory of Foreign Companies in Iran with the code ISJ22.

More details follows

Continue reading "UK firm Charlemagne Capital raising fund to invest in Tehran stock market" »