BMI Industry View

BMI View: The easing of sanctions, which began in earnest in Q116, is beginning to result in investment in Iran, including in the power sector, and we expect such gains to continue as firms seek to exploit the opportunities created by fresh access to a very large, and long-neglected, market. However, the overall outlook is for moderate, rather than strong, growth due to a poor outlook for government spending and the partial nature of the sanctions removal.