What’s next for Iran after the nuclear deal? A ‘post-sanctions era’
The country will be formulating a new economic development plan. (AFP/File)
Iran’s vice president for Strategic Planning and Supervision says the country’s new economic development plan will be formulated on the basis of post-sanction era.
“We need to hasten plans to take the most advantage of the post-sanction era,” Mohammad Baqer Nobakht was quoted as saying by the Iranian media on Monday.
Head of Management and Planning Organization of Iran said Iran’s 6th Economic Development Plan, which will take effect during the upcoming Iranian calendar year (starting on March 21), will be based on a post-sanctions era to ensure a sustainable economic growth.
Nobakht also pointed to the government’s plan to secure an 8 percent economic growth and said reaching such a figure needs both domestic and foreign resources.
“We need to create opportunities to utilize the facilities of regional countries as well as other ultra-regional countries and we will try to utilize all existing tools in a realistic way,” said the Iranian official.
- Al Tayer bucks the US department store trend with Bloomingdale's Kuwait opening
- Gulf Islamic banks set to outperform conventional banks for second year: Moody's
- Jordan secures EU finance for socioeconomic and environmental programs
- Same-day service deliveries in GCC an untapped market: Wing CEO
- Will terror attacks damper Arabs' appetite for European holidays?
- Manoeuvring the post-sanctions market: Iran's car output jumps 60%
- It takes two to tango: What will it take to thaw the Saudi-Iran relationship in the current era?
- What are everyday Iranians saying about the nuclear deal?
- What's next after the Etihad-Alitalia deal?
- Fully booked for post-sanctions business: Iran's five star hotels are buzzing with Western business delegations