In January of 2016, lifting of sanctions against Iran was formally announced, marking a much-awaited opportunity for the largest European and Asian companies (excluding China) to return to the country. For GCC companies seeking to enter the lucrative market potential, diplomatic and commercial relations between Iran and other Gulf nations must be accounted for. In this op-ed, Erika Welch, the Business Development Director for the Middle East at Solidiance, highlights the many strengths Iran possesses when compared to other GCC nations, business opportunities that exist in different key industries, as well as the potential risks involving regulatory framework and fierce competition.


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