Technical, engineering services export reaches $2b post-sanctions

March 9, 2017 - 12:29

TEHRAN – Iran has exported over $2 billion worth of technical and engineering services since the implementation of Joint Comprehensive Plan of Action (JCPOA) in January 2016, IRNA reported on Wednesday.

According to Mohammad-Reza Ansari, the head of International Consultants and Contractors Association (ICCA) of Iran, electrical engineering and technical services account for most of the increase in this sector’s value of exports.

The official noted that further development of exports in this area needs removing the hindering barriers among which banking issues especially issuance of bank guarantee could be mentioned.

Iran mainly carries out constructional, power, and road building projects overseas.

EF/MA
 

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