"Iran Business Responsibility" launches website

Business & Human Rights Resource Centre is working with International Campaign for Human Rights in Iran on the "Iran Business Responsibility" (IBR) project.

Visit the project website launched in June 2017, and explore the articles below for insights on the new investments in Iran.

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Article
5 July 2015

Iranian Railways inks $7.8m deal with AREP

Author: Construction Week Online

AREP signed a $7.8m (EUR7m) with Iranian Railways, to locate and design stations for Tehran, Mashhad, and Qom, Mohsen Pour Seyed Aqaei, managing director of Iranian Railways said.

Abbas Akhoundi, Iranian roads and urban development minister said in May 2015 that Iran plans to allocate $25bn to develop its rail network by 2022.

Up to $3.5bn can be allocated for expanding infrastructure and superstructures in the rail sector by Iranian fiscal year 1400 (March 2021-March 2022), he added...

Iran currently has two contracts with France's AlstomTransport and Germany's Siemens to build locomotives, Press TV reported. 

 

 

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Article
19 July 2015

Why Human Rights is Good Business in Post-Deal Iran

Author: Gissou Nia, human rights lawyer and deputy director at the International Campaign for Human Rights in Iran, in Cairo Review of Global Affairs

...Amid all the excitement over an Iran deal, there has been scant discussion of Iran’s dismal human rights record. The lifting of sanctions presents an opportunity not only for big profits, but gains in the country’s human rights standards. Foreign corporations, and the governments that regulate their activities both at home and abroad, stand to play a major role in attaching human right norms to the renewal of economic ties....

As a start, foreign investors looking to partner on tourism ventures can insist that any business relationship be conditioned on gender parity in the workplace...

...Companies seeking to invest in Iran’s oil and gas sector could qualify such deals on stringent environmental and labor standards. Investors exploring the potential for construction of hotels, shopping malls and retail chains, should link their investment to better rights protections for Afghan refugees, who are often tasked with this manual labor. And companies seeking to enter Iran’s telecommunications market must be apprised of the state’s monitoring of communications and use of this information in the repression of its citizenry, before making any decision to partner in this sector...

...Some states, like Namibia, Brazil and Japan, have already taken the initiative by incorporating discussion of Iran’s adherence to human rights standards in on-going bilateral talks concerning increased business and trade ties, and advising corporate actors within their jurisdictions accordingly...

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Article
5 August 2015

Italy's Finmeccanica signs Iran power plant deal

Author: Reuters

"Italy's Finmeccanica signs Iran power plant deal for 500 mln euro"

Finmeccanica's engineering unit Fata has signed a 500 million euro ($543 million) contract with Iran's Ghadir to build a power plant in the Asian country, a spokesman for the Italian defense group said on Wednesday.

Italian Foreign Minister Paolo Gentiloni held talks with officials in Tehran on Tuesday, the latest in a series of European officials seeking closer trade ties with Iran after its nuclear deal with world powers.

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Article
15 September 2015

Accor to Sign Iran Hotel Deal

Author: Nick Kostov, Wall Street Journal

French hotels group Accor SA said Tuesday it would become the first Western group to manage a hotel in Iran since the country signed a nuclear deal with world powers, as it looks to tap into a growing number of business travelers to the country.

AccorHotels will open an ibis hotel and a Novotel branch close to Tehran’s international airport in October, the company said, giving the budget-to-luxury lodgings company a foothold in a country of roughly 80 million inhabitants which is one of the world’s largest untapped tourist destinations.

The contracts are due to be signed on Tuesday in Tehran by AccorHotels’ Chief Executive Sébastien Bazin and representatives of Iranian company Aria Ziggurat, which owns the buildings.

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Article
13 October 2015

Daelim seals $1.06bn Iran housing deal

Author: Trade Arabia

South Korea’s Daelim Industrial Company is set to develop a 500-hectare residential town in Tehran, Iran, at an investment of around €900 million ($1.06 billion), said a report.

The investment will be a major boost to the new township of Kharazmi about 50 km southeast of the Iranian capital, reported thePress TV.

The city is being built as part of satellite towns which are being developed to ease congestion in the Iranian capital of about 12 million, said the report citing officials from Iran’s Ministry of Roads and Urban Development.

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Article
5 January 2016

Iran - open for business?

Author: John Morrison, Executive Director, Institute for Human Rights and Business

...First, the people of Iran are likely to be best served by a diversity of investment from many parts of the world. This offers a range of external leverage points as well as aligning with the truism that the more open the economy, the greater the tendency to value the rule of law and human rights. We can all think of some countries neighbouring Iran where this is clearly not the case, but generally the correlation holds.

...Second, and importantly, that just opening the country to investment flows will not necessarily serve the people of Iran unless international values are upheld. Some issues, such as internationally recognized human rights and labour rights, should clearly be pre-competitive...

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Article
24 January 2016

U.S. imposes new ballistic sanctions on Iran, day after many penalties lifted

Author: The Two-Way

"U.S. Imposes New Ballistic Sanctions On Iran, Day After Many Penalties Lifted", 17 January 2016

A day after many sanctions on Iran were lifted under the international nuclear pact, the U.S. Treasury department has imposed new sanctions — over Iran's ballistic, not nuclear, weapons. The sanctions target 11 companies and individuals who have been involved in procuring goods for Iran's weapons program, the Treasury Department says. "This action is consistent with the U.S. government's commitment to continue targeting those who assist in Iran's efforts to procure items for its ballistic missile program," the department said in a statement. The announcement of new sanctions comes a day after the U.S. and Iran conducted a carefully negotiated prisoner exchange. The released Americans who wished to leave Iran have now departed the country, according to a senior administration official...

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Article
25 January 2016

Italy's Danieli to sign $5.7 bln in agreements with Iran

Author: Reuters

Italian steel firm Danieli will sign about $5.7 billion in commercial agreements with Iran during President Hassan Rouhani's visit in Rome this week, a company spokesman confirmed on Monday.

A government source told Reuters earlier that the contracts were worth about $4 billion euros, but a company spokesman later said the total value of the agreements was higher and included a joint venture with other international investors, including Iranians.

The joint venture, worth $2 billion, will be called Persian Metallics, said the Danieli spokesman, giving no further details.

Danieli will directly sign contracts with several Iranian companies for machines and equipment to produce steel and aluminum for a total of $3.7 billion, the company said.

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Article
26 January 2016

Fincantieri signs framework accords with Iranian companies

Author: Richard Tomkins, UPI

Italy's Fincantieri has signed a number of framework agreements with Iranian companies, including one for the construction of merchant vessels.

The agreements were signed in Rome this week during an official visit by Iranian President Hassan Rouhani, and follow the United States and others' intent to lift some sanctions against Iran.

Fincantieri said one agreement for cooperation and development was reached with Azim Gostaresh Hormoz Shipbuilding Industry Co. for a new shipyard in Iran's special economic zone.

AGH is controlled by the larger Iran Shipbuilding and Offshore Industries Complex Company, which is under the administration of the Industrial Development & Renovation Organization of Iran -- one of that nation's largest organization involved in the development and industrialization process.

The agreement between Fincantieri and AGH includes cooperation on the building of new merchant vessels and offshore units for ship repairs, conversions and ship refitting activities.

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Article
27 January 2016

VINCI AIRPORTS SIGNS MOU TO DEVELOP TWO AIRPORTS IN IRAN

Author: Airport World

he deal was done today during the state visit to France of Iranian President, Hassan Rouhani, and is expected to be the first step in a process that should result in the establishment of concessions that will renovate, extend and operate each of the two airports in 2016.

The gateways are the second and fifth busiest airports respectively in Iran. 

The airport in Mashhad, which handled 8.2 million passengers in 2014, is located in the northeast of the country and serves the country's second largest city, a holy city that attracts more than 20 million pilgrims every year.

Isfahan airport, with accommodated 2.6 million passengers in 2014, serves Iran's third largest city, the capital of the Persian empire in the 16th and 17th centuries, renowned for its rich cultural and historic heritage.

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