The worlds of commerce and shipping are eagerly awaiting the implementation of the JCPOA agreement between Iran and the “P5+1” — the five permanent members of the United Nations (UN) Security Council of China, France, Russia, the UK and US, plus Germany — sometime in the first quarter of next year.
Iran is being touted as the last great frontier market, a country that has a large, young, well-educated and upwardly mobile population but at the same time needs investment totalling in excess of $200bn in its oil-and-gas, power, mining and infrastructure sectors, along with huge volumes of modern gadgets needed to satisfy pent-up consumer demand.
