Tehran - Economy

Economy

See also: Economy of Iran, Industry of Iran, and Communications in Iran

Tehran is the economic centre of Iran. About 30% of Iran's public-sector workforce and 45% of large industrial firms are located in Tehran and almost half of these workers work for the government. Most of the remainder of workers are factory workers, shopkeepers, laborers, and transport workers. Few foreign companies operate in Tehran because of the Iranian government's relations to the west. But before the Islamic revolution many foreign companies were active in this region. Today many modern industries of this city include the manufacturing of automobiles, electronics and electrical equipment, weaponry, textiles, sugar, cement, and chemical products. It is also a leading center for the sale of carpets and furniture. There is an oil refinery near Ray, south of the city. Tehran has four airports : Mehrabad International Airport, Imam Khomeini International Airport, Ghal'eh Morghi airfield and Doshan Tappeh Air Base.

Tehran relies heavily on private cars, buses, motorcycles, and taxis, and is one of the most car-dependent cities in the world. The Tehran Stock Exchange, which is a full member of the Federation Internationale des Bourses de Valeurs (FIBV) and a founding member of the Federation of Euro-Asian Stock Exchanges, has been one of the world's best performing stock exchanges in recent years.