Privatization in Iran - Iranian Expatriates Role

Iranian Expatriates Role

Privatization drive will gain momentum once Iranian expatriates begin to invest in their motherland. Iranian nationals residing abroad are holding significant assets. Many have invested their capital in other countries, following the 1979 Islamic Revolution and the 1980-1988 war. Statistics at hand suggest that close to $10 billion (of goods) were re-exported into Iran last year. Multinational companies, particularly Iranian firms mostly owned and controlled by Army of the Guardians of the Islamic Revolution, are involved in export of goods into the country from Dubai. There are differing estimates of the expatriates’ total capital (1.3 trillion dollars), but what is clear is that it is so huge that it will be enough to buy shares of all state companies. In Dubai alone, Iranian expatriates are estimated to have invested up to $200 billion. If 10 percent of this capital arrives, things will change drastically in Iran.