Economy
Wed Sep 02, 2020 1:23
VP: Iranian Knowledge-Based Firms Benefiting from US Sanctions
TEHRAN (FNA)- Iranian Vice-President for Science and Technology Sorena Sattari said that the US sanctions have been a blessing for the country’s knowledge-based companies by flourishing their market.

“We cannot say that the sanctions have not been effective, but they have brought many advantages for the knowledge-based companies and created a good market for them,” Sattari said in an interview with the Persian-language Iran newspaper on Wednesday.

He added that the knowledge-based companies in Iran have sold products worth 120,000bln tomans (nearly $26.6bln) last year.

Sattari also said that Iran stands among the first 10 world states in many fields of engineering, including mathematics, construction and biotech, and enjoys the biggest startups in the region.

In relevant remarks last month, Sattari had said that his country was moving towards an oil-free economy with the help of knowledge-based companies.

Sattari made the remarks, addressing the opening ceremony of the 9th edition of the International Innovation and Technology Exhibition (INOTEX 2020).

"The presence of more than 5,000 knowledge-based companies and a bigger number of start-ups in Iran is a proof for the fact that equipped with an active technology ecosystem, the country is on the right track to reach a knowledge-based economy and reducing reliance on oil revenues," he said.

 

 

 

 

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