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Iran seeks to export $20 billion worth of technical, engineering services

Business Materials 21 October 2013 18:43 (UTC +04:00)

Azerbaijan, Baku, Oct.21/ Trend, R. Zamanov

Iran has the capacity to export 20 billion dollars worth of technical and engineering services, Head of the Association of Iranian Exporters of Technical and Engineering

Services, Mohammad Reza Ansari said on Monday.

"Iran exported 4.2 billion dollars worth of technical and engineering services in the Iranian calendar year 1390 (which ended on March 20, 2012), but the figure decreased in the previous year," the Fars News Agency reported.

"Iran can reach its goal of exporting 20 billion dollars worth of technical and engineering services in five years," he said.

Ansari said in February that over 14,000 Iranians are working in foreign countries.

US-generated sanctions have made it very hard for the private sector to export technical and engineering services, ISNA quoted Ansari as saying.

Ansari had previously said that Iranian companies have the potential to annually carry out projects worth up to $20 billion in different countries.

Former Industry, Mines, and Trade Minister Mehdi Ghazanfari said in June that Iran's technical and engineering exports are predicted to exceed $10 billion in the current Iranian calendar year, which began on March 21, IRNA reported.

This will be the minimum volume of technical and engineering exports and the country's capacity will be much more than this, he noted.

He emphasized the role of free trade zones in increasing technical-engineering exports.

Over 120 Iranian companies implemented several development plans in 60 countries last year.

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