Iran Tenders

Get access to latest Iran tenders and bids. Find business opportunities and business intelligence from public and private procurement in Iran. Find international bid invitations and information about tenders, bids, procurement, RFPs, RFQs, ICBs and detailed analysis across all sectors from Iran.

The economy of Iran is a mixed economy with a large state-owned sector. It is the world's 23rd largest by purchasing power parity. Some 60% of Iran's economy is centrally planned. It is dominated by oil and gas production, although over 40 industries are directly involved in the Tehran Stock Exchange. The stock exchange has been one of the best performing exchanges in the world over the past decade. With 10% of the world's proven oil reserves and 15% of its gas reserves, Iran is considered an energy superpower. A unique feature of Iran's economy is the presence of large religious foundations called bonyads, whose combined budgets represent more than 30 percent of central government spending. Most of the country's exports are oil and gas, accounting for a majority of government revenue in 2010. GDP contracted in 2018 and 2019, but a modest rebound was expected in 2020. Challenges include a COVID-19 outbreak starting in February 2020 and US sanctions reimposed in mid-2018, increased unemployment due to the sanctions.