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FINANCIAL NEWS
Iran, Saudi Arabia strengthen to attract foreign investment
09 Jan 2016
(MENAFN) Iran’s diplomatic gap with local rival Saudi Arabia will stiffen the problem it faces in attracting foreign investment once sanctions on its economy are lifted.
Furthermore, a global agreement to limit Iran’s nuclear program, would free the nation to search more than USD 100bn in investment.
However, local volatility stemming from the diplomatic issue will threaten these efforts, reaching to prolonged power struggles.
“That adds to the calculus of making a long-term capital investment decision in Iran,” said IHS’s head of oil market search.
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