Iran has the world's largest zinc reserves and second-largest reserves of copper. It also has important reserves of iron, uranium, lead, chromite, manganese, coal and gold. To date, however, the mining industry remains underdeveloped. Developing its mineral resources is a priority for the Iranian government. The government is actively encouraging foreign participation in this sector.
Opportunities are abundant for firms who can offer equipment, know-how or investment.
The Second Five Year plan encourages buy-back deals but also calls for other forms of foreign investment in this sector. The Ministry of Mines and Metals is the decision-maker in this sector. It operates through a number of national companies, including ones responsible for steel, copper, exploration and smelting. Telecommunications Iran is one of the fastest growing telecommunications markets in the Middle East and aims to become a Middle Eastern market leader. It has the largest telecommunication network in the region.