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Extracted from Malaysia's Business Times,
28 April 2005

More than 2 billion USD (1 USD = RM3.80) worth of projects in Iran will be offered to Malaysian information and communications technology (ICT) companies at an exhibition to be held next month.

The Iran-Malaysia Industry Trade and Investment Exchange Exhibition 2005 (Imex ‘05) will be held in Esfahan from May 13 to 16. So far it has registered 60 Malaysian companies, out of which about 10 are from the ICT sector.

Iran, which has lately undergone significant restructuring and economic development, is looking to upgrade its industries’ competitiveness through the use of ICT.

Imex ‘05 project manager Mariam Parineh said Iran is looking at deploying the various types of technologies that are already highly developed in Malaysia.

”Iran is not very developed in ICT, so we need to catch up quickly. Services like the automated toll, parking payment, ATM (automated teller machine) and hospital solution procedures are yet to be implemented in Iran,” she said at a press conference with MSC Technology Centre Sdn Bhd in Cyberjaya yesterday.

MSC Technology had earlier given a presentation to Deputy Chief Minister of Esfahan Province Morteza Tehrani on the Multimedia Super Corridor development in Malaysia.

Also present were MSC Technology general manager Suhaimi Tahir and Multimedia Development Corp manager Sharifah Hendon Syed Hassan.

Other ICT related areas Iran is looking at are the implementation of e-government, e-commerce, e-health, telecommunications and mobile services. Currently, the only mobile operator in Iran is Singapore-based Singapore Telecommunications Ltd.

Imex ‘05 is the collaborative effort between Iran-Malaysia Friendship Association and Malay Businessmen and Industrialists Association of Malaysia.

Mariam is calling for more Malaysian companies especially in the telecommunication and ICT sector to take advantage of the business matching session with Iranian companies, seminars and workshops organised during Imex ‘05.

Iran also welcomes Malaysian investments in agriculture, gas and oil, education as well as tourism industries.

Iran has a population of 70 million people out of which 70 per cent are below 30 years old. Creating foreign investments in the country will encourage job opportunities besides improving product quality and export incentives.


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