Iranian market has ingredients for fast growth: Pakistani company

Business Materials 12 June 2015 15:23 (UTC +04:00)

Tehran, Iran, June 13

By Mehdi Sepahvand - Trend:

The Iranian market has the opportunity to grow very fast, Abbas Khan, a partner at the Pakistani Abacus Consulting company told Trend June 10 on the sidelines of Tehran's innovation and technology exhibition INOTEX 2015.

The Iranian market has the "ingredients" for fast growth, Khan stated. He went on to innumerate the ingredients as the size of the economy, high level of education, and security.

There is a lot also in a neighboring country like Iraq, Khan made a comparison. But things go on slowly and there is not enough security over there, he said.

Abacus is here to explore things and see what services it can offer, because after the sanctions are removed, there is going to be very fast growth in the next five years, he noted.

Abacus Consultation is a transformation service provider with over 2.5 thousand people in 10 offices in Pakistan, the UAE, and Afghanistan, serving companies in 25 countries.

The company's Germany-based software provider SAP has not been able to offer products in Iran under international sanctions.

Iran is holding talks with the group 5+1 (the US, UK, France, Russia, China, and Germany) to reach a comprehensive deal on its nuclear program by June 30, whereby the international sanctions on the Islamic Republic will be removed.

Edited by CN