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Lifting sanctions on Iran will see its diversified economy take off but it will take years to catch Saudi Arabia's GDP (photo: dpa)

Iran’s return to global competition will impact Saudi Arabia

Economic sanctions are almost certain to be lifted on Iran following final agreement on a nuclear deal later in 2015. Iran’s return to compete in global markets will drive its economy and have an effect on oil-rich Saudi Arabia, as Iran pushes to establish its place in the regional balance of power.

<i>The intermediate deal between the P5+1 countries and Iran on its nuclear programme on April 3, 2015, will effect the regional security architecture, Israel’s position in the Middle East, and Iran’s real economic potential for trade after sanctions are lifted. All these are based on the deal being successfully agreed by June 30. Less focus has been put on the effects on the balanc...

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Dr. Friedemann Mueller
The quickest results will be in the oil market once Western countries lift the import ban on Iranian oil. This will flush money into the state coffers and promote the modernisation of the oil industry with Western technology
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Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possible effects of current decisions.
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