Manufacturing sector development issues in Iran: policy implications

The Islamic Republic of Iran (hereafter referred to as Iran) is considered to be an Energy Superpower, accounting for 10 and 15 percent of the world’s proven oil and gas reserves. Regarding mineral reserves, it holds 1st largest zinc reserves and 2nd largest copper reserves while possessing 10th largest Aluminum and 11th largest iron ore and lead reserves. The economy enjoys not only a good position in factor market, but also faces an advantageous demand condition including a market of 78.9 million people with an urbanization rate of 73 percent as well as a good access to 15 neighbor countries (Including CIS) with a total population of more than 420 million people.

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