Thursday 16 October 2014

Business chiefs look to future Iran opportunities - FT.com

Business chiefs look to future Iran opportunities - FT.com:



"When Iran’s business elite and foreign entrepreneurs gathered in London to lay the ground for the day international sanctions are eventually eased, they received a blunt message from advertising executive Sir Martin Sorrell: the potential for investment in their country was high but the politics must be right too.



Iran was one of the last remaining places “short of Mars and the moon, where there is significant opportunity” for his company and its clients, the WPP chief executive told the 300-strong audience on Thursday. But for his company to feel comfortable doing business there, he said, Tehran would have to settle its nuclear dispute with the west and recognise Israel as a legitimate state.



Mr Sorrell’s forthright message took many in the audience aback. But Iranian delegates at the first Europe-Iran Forum – a two-day event exploring potential business opportunities in Iran, sponsored by ACL, a Tehran-based Iranian asset management company and Dentons, the multinational law firm – said the mere presence of such a leading business figure at the event was a positive sign. Many other high-profile speakers had pulled out amid criticism from pro-Israel groups."



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