Iranian Private Sector Poised to Boost Infrastructure in Armenia

TEHRAN (Iran News) Samad Hassanzadeh, the ICCIMA President, highlighted Iran’s considerable potential for collaboration with Armenia. He noted the significance of Armenia’s strategic position within the Eurasian region and the strong cultural and social ties between the two countries, describing Armenia as a key partner for Iran.

“Iran’s private sector is prepared to engage in technical and engineering service exports and to invest in Armenian infrastructure projects,” Hassanzadeh said. “We also see promising opportunities in the medical, pharmaceutical, and healthcare sectors, which could serve as focal points for our cooperation.”

He further outlined Iran’s strengths in various industrial fields, including oil, gas, petrochemicals, automotive manufacturing, food industries, and construction materials. “Iranian products meet high international standards and can meet the needs of the Armenian market,” he added.

In terms of tourism, Hassanzadeh stressed the potential for collaboration, especially in health tourism. He called on Armenia to offer more support and streamline procedures for Iranian tourists visiting the country.

As part of efforts to promote economic exchange, Hassanzadeh announced Iran’s plan to dispatch a business delegation to Armenia this year. He also formally invited the Armenian ambassador to attend Iran Expo 2025, which is set to open on April 28. The international exhibition will showcase Iran’s manufacturing and export capabilities, attracting ambassadors and trade delegations from across the globe.

On the diplomatic front, Hassanzadeh expressed hope for positive outcomes from ongoing Iran-U.S. negotiations, stating that the easing of restrictions would unlock broader trade opportunities with countries around the world.

Armenia’s Ambassador to Iran, Grigor Hovhannisyan (Hakopyan), echoed the sentiments, describing relations with Iran as a top priority for the Armenian government. He underscored the importance of expanding bilateral cooperation in economic, political, and cultural domains.

Despite the strong political ties, Hovhannisyan expressed regret that economic relations have not kept pace. “We do not see any limits to deepening our cooperation,” he said. “To begin with, we aim to reach $1 billion in bilateral trade, with a longer-term goal of $3 billion. Achieving this requires more dynamic engagement between our chambers of commerce.”

The ambassador emphasized the crucial role of business delegations in forging stronger ties. “There are abundant investment and joint venture opportunities in Armenia. The embassy is fully prepared to assist Iranian businesses in identifying and exploring these options,” he stated.

He added that Armenian trade delegations will participate in Iran Expo 2025, which will allow them to evaluate investment opportunities and conduct feasibility studies for potential joint projects.

“Private sector involvement is pivotal to the development of Iran-Armenia economic relations,” Hovhannisyan said. He also proposed that the two countries’ chambers of commerce establish joint mechanisms to address trade challenges and streamline cooperation.

The ambassador also highlighted the potential for tourism development between the two nations and called for greater efforts to promote travel and cultural exchange. He pointed out that Iran’s observer status in the Eurasian Economic Union (EAEU) and the launch of free trade with EAEU member states presents a valuable opportunity for regional cooperation.

“Through joint investments, we can produce goods tailored for export to the Eurasian market,” he suggested.

As both countries look toward a future of deeper economic engagement, the active role of the private sector and the facilitation of joint trade initiatives are expected to be critical in reaching the ambitious target of $3 billion in bilateral trade. The upcoming Iran Expo 2025 will serve as a key milestone in realizing this shared vision.