Positive market trends continue to reflect at IranConMin 2017

IranConMin2017Iran’s minister of industry, mining and trade Mohammad Shariatmadari speaking to the exhibitors. (Image source: IranConMin)Around 20,500 visitors attended this year’s IranConMin – a trade fair for mining, construction machinery and construction systems – which took place from 4-7 November in Tehran

Nearly 300 exhibitors from 15 countries showcased their product portfolios on a surface area of 16,000 square meters. As a result, the 13th edition of the region’s biggest mining and construction fair was able to maintain the previous year’s upward momentum.

The importance of IranConMin to the Iranian market was demonstrated at the opening of the fair, with top-level government representatives in attendance such as Iran’s minister of industry, mining and trade Mohammad Shariatmadari. There was particular interest in the mining sector, reflected in the fact that the mining conference was held at the same time where top-level experts spent two days discussing the opportunities and challenges facing the sector, the main focus here being on environmental issues. In Iran, the efficient and environment-friendly extraction of raw materials such as iron ore, copper and zinc is becoming increasingly important in order to reduce dependency on mineral oil and increase quality and security in work and life in general.

The special exhibition CET gave China a bigger role at this year’s IranConMin: together with Germany, Iran’s leading foreign trading partner. Fifteen Chinese companies displayed their product portfolio at a joint stand organised by the China International Contractors Association (CHINCA). There was also an additional Chinese trade fair pavilion featuring some 40 exhibitors as well as joint stands for German and Italian companies.

“We’re very pleased to see that interest in IranConMin has kept up, with visitor and exhibitor figures staying at the high level of the previous year. Foreign companies are seeing the enormous potential offered by the Iranian market and the trade fair’s excellent progress in terms of quality. A lot of people came back this year to continue to pursue burgeoning business relations,“ says Peter Bergleiter, managing director of IMAG GmbH, which organises IranConMin in collaboration with its partners Palar Samaneh Co. and IranMineHouse.

After most of the economic sanctions imposed on Iran were lifted in January 2016, the trade show saw a 50 per cent increase in exhibitor figures last year. This positive trend kept up in 2017 since many foreign companies want to make the most of the opportunity to become established in the growth market of Iran. The country is in considerable need of modernisation and there are large-scale construction and infrastructure projects in planning, while at the same time investment is possible again now that sanctions have been lifted.

The next IranConMin takes place from 5-8 November 2018 in Tehran.

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