UAE Business Solutions, a Dubai-based consultancy firm, has signed a memorandum of understanding with MAH Pishro Serv, a Tehran-based company, to establish a strategic partnership in Iran.
The association comes as part of UAE Business Solution’s regional expansion plans, a significant step toward synergizing strengths, gaining domain knowledge and achieving new market penetration, Trade Arabia reported.
The commercial agreement will allow the signatories to jointly promote their respective organizations in the UAE and Iran, while collaborating on strategic business and commercial alignment for their clients. Utilizing network and resources, this undertaking will mark a giant leap for their clients seeking new projects, opportunities and business in Iran, reads a statement by UAE Business Solutions.
“We have been reviewing the business environment in Iran since my first visit in 2009. The recent easing of economic sanctions has prompted us to enter the market,” said Stephen Armitage, UAE Business Solutions’ managing partner. “Many of our UAE clients have expressed interest in commercial opportunities available in Iran and the signing of this association with MAH Pishro Serv will allow us to extend our services in conjunction with our trusted local partner.”
Noting that UAE Business Solutions will act as a conduit for companies interested in doing business Iran, Armitage said, “Our main aim is to ensure smooth transaction and seamless business setup.”
By Financial Tribune