Kuala Lumpur, May 20, IRNA – Minister of Cooperatives, Labor and Social Security Ali Rabiee said on Friday that based on predictions made by research centers, Iran will register the highest economic growth among Middle East countries between 2016 and 2020.

Growth rate of Iran's GDP is expected to reach nearly 5% over the the four-year time, the minister told a conference on 'trade and investment opportunities in Iran' held in Singapore.

Rabiees urged further economic cooperation between Iran and the South East Asian country, referring to Iran's strategic position in the region as the second biggest regional economy with a GDP of 450 billion dollars.

He said that Iran's stability in the most destabilized region of the world and its strategic position joining the East to the West and the South to the North and Singapore's strategic role in Eastern Asia paves the way for unprecedented cooperation between the two countries.

By IRNA