Rising powers interviews Tundra’s Johan Elmquist on the risks and opportunities of investing in Iran.
Five years ago Iran was in deep international isolation, US and European imposed sanctions had largely wiped out foreign investment, plunged the country into recession and the country looked increasingly dependent on Chinese economic and diplomatic ties to keep itself afloat. Long and tortuous negotiations resulted in a new agreement signed in 2015 where Iran agreed not to pursue nuclear weapons in exchange for the lifting of economic sanctions, this grand diplomatic bargain is now beginning to bear fruit.
International investors are once again flying to Tehran to talk business and investment, many are still wary and unwilling to commit to investing straight away while others are eager to cut deals quickly. One of those potential investors is Johan Elmquist, portfolio manager and partner at Tundra Fonder, a frontier market expert and recent visitor to Iran. I was lucky enough to talk to Johan about his trip to Iran and get his views on the pros and cons of investing in the country.
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