More than half of the nearly 80 million inhabitants are under 25 years old and the population is also highly educated. Just over 20 percent of the country's population lives in the Tehran area, a dynamic economic region with a rapidly developing IT infrastructure.

In the years ahead, the Iranian government plans to invest more than 40 billion U.S. dollars in local infrastructure, such as in expanding airports, rail networks, and energy supply. "We can support the country's modernization process with a wide range of products and solutions, including mechanical engineering applications, solutions for connecting infrastructure and energy and building technology, as well as innovative household appliances and power tools," Raschke said.
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