Iran could become the world's most up-and-coming economy over the next ten years, Chief of Staff of the President of Iran Mohammad Nahavandian said Wednesday, Sputnik reported.
"Iran has the capacity to become the most promising emerging economy in the coming decade and would like to share this opportunity with global investors," Mohammad Nahavandian said on the sidelines of the World Economic Forum Annual Meeting in Davos.
The development comes just days after Saturday's lifting of the international sanctions in place against Iran which followed the International Atomic Energy Agency's (IAEA) confirmation of Tehran's compliance with the Joint Comprehensive Plan of Action (JCPOA).
The lifting of anti-Iran sanctions became possible after Iran reached a deal on its nuclear program with the P5+1 group of international mediators on July 14, 2015. The deal entailed Iran agreeing to ensure the peaceful nature of its nuclear program in exchange for sanctions relief.
Ahead of the deal's implementation day, Iran began holding talks with various foreign investors as well as planning to reenter global energy markets and make large-scale state purchases abroad.
Iranian oil exports are expected to add 600,000 barrels a day to the global market by the middle of the year, according to the International Energy Agency.