"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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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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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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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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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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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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