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Iran eyes $25 bln worth technical, engineering services exports

Business Materials 25 January 2014 15:49 (UTC +04:00)

Baku, Azerbaijan, Jan. 25

By Rahim Zamanov - Trend:

Iran plans to boost its technical and engineering services exports up to $25 billion in the next five years, head of the Association of Iranian Exporters of Technical and Engineering Services, Kioumars Dolatshahi, said on January 25, the Iranian Mehr News Agency reported.

"Iran has the capacity to export $20-25 billion worth technical and engineering services, and we hope to reach the point in five years," Dolatshahi said.

"Turkey plans to boost its technical and engineering services to $500 billion in the next ten years," he added.

Deputy Energy Minister Esmaeel Mahsouli said on January 18 that Iran has exported $900 million worth technical and engineering services in the water and electricity sectors in the first nine months of the current Iranian calendar year, which started on March 21, 2013, Iran's IRIB News Agency reported.

He went on to note that 45 Iranian companies are carrying out projects in 40 countries.

"Iran can boost its technical and engineering services exports in the water and electricity sector," he said.

The IRNA News Agency reported on December 21 that Iran has exported $1.465 billion worth technical and engineering services in the first eight months of the current calendar year, which started on March 21.

The country's total trade value (excluding gas condensates trades) stood at $47.983 billion.

Iran exported 3,215 items to 141 countries in the mentioned period, while importing 4,807 items from 113 countries.

Iran totally exported $2.3 billion worth of technical, engineering services in the previous calendar year.

Iran also exported $4.2 billion worth technical and engineering services in the Iranian calendar year of 1390 (ended on March 20, 2012).

According to Iranian officials, over 14,000 Iranians are working in foreign 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 the technical-engineering exports.

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

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