Petroleum has been the primary industry in Iran since the 1920s. They are also oil wells found in other parts of the country, particularly in the Persian Gulf. •Saudi Arabia is trying to encourage more private businesses to boost the economy and decrease the countries dependence on oil. Automotive Industry -Covers the latest Automotive Technology product news and press releases. The main imports are non-electrical machinery, iron, steel, chemicals and related products, transport vehicles, electrical machinery, tools and appliances. [18] About 30% of Iran's public-sector workforce and 45% of large industrial firms are located in Tehran and almost half of these workers work for the government. Iran, Saudi Arabia and Malaysia are at the top with the biggest sharia-compliant assets. [citation needed], Iran is one of the most important mineral producers in the world, ranked among 15 major mineral-rich countries. [22] Soft drinks, mineral water, biscuit, chocolate, confection, edible oil, dairies, conserved foods and fruits, jam and jelly, macaroni, fruit juice and yeast were among the main exports to Iraq, Afghanistan, Turkmenistan, Tajikistan and other Central Asian countries, Russia, Ukraine, Belarus, Pakistan, Saudi Arabia, Kuwait, United Arab Emirates, Qatar, Oman, Syria, Germany, Spain, the Netherlands, France, Canada, Venezuela, Japan, South Korea and Turkey. [31] In 2015, overall consumer expenditures and disposable income are respectively projected to be $176.4 billion and $287 billion. By land area, the country is the 17th largest in the world and the second largest in the Middle East. [36] Iran has the fourth largest reserves of oil and second largest reserves of gas in the world. [15], A 2003-report made by United Nations Industrial Development Organization regarding the state of SME's in Iran identified these causes as the ones impeding Iran's industrial development: lack of monitoring institutions, inefficient banking system, lack of sufficient R&D, shortage of managerial skills, corruption, inefficient taxation, socio-cultural apprehensions, absence of social learning loops, lack of familiarity with international markets necessary for global competition, cumbersome bureaucratic procedures, shortage of skilled labor, lack of intellectual property protection, shortage of research centers, lack of social capital, social learning, social responsibility and socio-cultural values. •The government owns the oil and other major industries; however, private ownership of small businesses is increasing. The Ministry is also in charge of centralization and integration of policy making in the industrial and mining sector. However, following the 1979 Iranian revolution the new government cut back on oil pro… [66] Bank Melli, Saderat and Sepah are Iran's three largest banks.[67]. With a population of 70 million, Iran needs to have 6,300 airplanes while it does not possess more than nine aircraft for every one million individuals. Iran manufactures 60–70% of its industrial equipment domestically, including various turbines, pumps, catalysts, refineries, oil tankers, drilling rigs, offshore platforms and exploration instruments. [34], According to research study, IEI, Bank Saderat Iran, Hamrah Aval, Iran Khodro, Sanatiran, Wagon Pars, Sanayeiran, Machine Sazi Arak (MSA), Zar Macaron, DESA, Pars Khodro, HEPCO, Steel Alborz, IRALCO, Yek-o-Yek, AzarAb Industries, Golbaft, Navard Aluminium, Takdaneh, Darou Pakhsh, Kalleh, Behrouz, Delpazir, Iran Combine Manufacturing Company (ICM), Sepehr Electric, Arjan, Khoshkhab, Novin Zafaran, Havilux, Boof chain restaurants, Telavang and Golrang are the best brands in the country. By 1978, the country was the world’s 4th leading oil producer, the 2nd leading in the OPEC Nations, and the 2nd leading oil exporter globally. Over the next two decades, Iran would need 500 new ships, including 120 oil tankers, 40 liquefied natural gas (LNG) carriers and over 300 commercial vessels. [16], Despite these problems, recent studies[by whom?] Irans economy is characterized by the hydrocarbon sector, agriculture and services sectors, and a noticeable state presence in manufacturing and financial services. Other crops cultivated across the country include cotton, corn, barley, sugar beets, tobacco, hemp, tea, fruits, potatoes, beans, lentils, vegetables, fodder plants, almonds, and walnuts among others. [56][57] Iran is one of the six countries in the world that manufacture gas and steam powered turbines. The most obvious and most popularly invested in is the Petroleum Industry. [1] From 2008 to 2009 Iran has leaped to 28th place from 69th place in annual industrial production growth rate. [24], At present the Iranian retail industry is largely in the hands of cooperatives, many of them government-sponsored, and of independent retailers in the bazaars. The housing industry is one of the few segments of the Iranian economy where state capital shares as little as two per cent of the market, and the remaining 98 per cent is private sector investment. Iran’s oil and gas sector is the largest sector in the Iranian economy, comprising 23% of GDPin 2014. Iran currently ranks 68th in tourism revenues worldwide. [43][44] Overseas companies smuggle illegal textiles and apparel into Iran at a rate that is decimating Iran textile manufacturers and costing Iranian jobs. [2], The government of Iran has plans for the establishment of 50–60 industrial parks by the end of the fifth Five-Year Socioeconomic Development Plan by 2015. Iran is the region’s second-largest grain importerafter Saudi Arabia. CIDMG is one of the major industries overseen by DIO. [71], Machine Sazi Tabriz Group has managed to manufacture machines such as VMC850, VMC 1050, FP4ME, TME40NEW, and TC-20 HF and it has exported turning and milling machineries worth €1.5 million to Germany, Austria, Azerbaijan, Turkey and Malaysia during 2011. The Ministry is also in charge of centralization and integration of policy making in the industrial and mining sector. More mini-markets and supermarkets are emerging, but these are mostly one-off, independently owned operations. Is Christianity major in Iran? The most significant chains are the state-owned Etka, Refah, Shahrvand and Carrefour-owned Hyperstar Market, all of which are gearing up for expansion. Major Industries. [64][65] [48] In 2009, Iran exported $74 million worth of "medical products" to countries such as Iraq, Afghanistan and Russia.[49]. ... What is Iran's major industries? [28][29] Migros Turk has also announced that it intends to invest in Iran's lucrative retail market. Iran's automotive industry is the second most active industry of the country, after its oil and gas industry. By 2015, the revenues from oil and gas in the country had reached $250 billion, and the country's oil was transported mainly by pipelines from the oil fields to the refineries and finally to different ports for export. Modern Iranian culture owes itself in part to a renaissance in the 8th century. Textile mills are centred in Eṣfahān and along the Caspian coast. [11] In Iran, because of its weakness or absence, the support industry makes little contribution to the innovation/technology development activities. Behpakhsh Co., Golrang Pakhsh and Ghasem Iran are the largest distribution companies in Iran. reveal that over the past few years[when?] Other major industries include petrochemicals, fertilizers, caustic soda, car manufacture, pharmaceuticals, telecom, energy, construction materials, textiles, cement, metal fabrication and food processing. The Iran Aviation Industries Organization (IAIO) (Persian: سازمان صنایع هوایی ایران ‎), also known as the Aerospace Industries Organization, is an Iranian state-owned corporation established in 1966 for the purpose of planning, controlling, and managing the civil & military aviation industry of Iran.
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