Hamburg News: Trade and Finance. High-class shopping area in the city centre shown.
Wirtschaftssenator Frank Horch © Florian Jaenicke

Frank Horch, Senator for Economics, and delegation heading to Iran

60 corporate representatives from Hamburg und Schleswig-Holstein aim to revive economic ties

Frank Horch, Senator for Economics, and a delegation of 60 high-ranking corporate representatives from Hamburg and Schleswig-Holstein are travelling to Iran from November 11-16, 2016. Commenting prior to the trip, Horch said: “Iran has great potential as it one of the biggest economies in the Mideast with a huge need for economic and infrastructural recovery. Hamburg’s special role as a city with one of Europe’s biggest Iranian communities has led to keen interest in both ‘Made in Germany’ and ‘Made in Hamburg’.” The delegation will focus on the maritime economy, logistics, energy, refrigeration technology, energy efficiency as well as aviation and the consumer goods sectors during the trip.

Removal of sections offer opportunities

Hamburg and Schleswig-Holstein are perceived as a joint region abroad and this makes the delegation’s trip sensible, said Reinhard Meyer, Minister of Economics in Schleswig-Holstein. “Many firms in Schleswig-Holstein have made it clear to us that they are interested in reviving the traditionally strong economic ties to Iran and would like to seize the opportunity quickly now that sanctions have been lifted.” A large part of Iran’s industrial plants are German-made. That alone means creates many points of reference, he added.

World’s largest carpet transhipment-centre

Iranians run some 500 firms in Hamburg. The consulate of the Islamic Republic of Iran has been in Hamburg since 1858. And Hamburg is the world’s largest carpet transshipment-centre ahead of Teheran. Several Iranian banks including MELLI IRAN, SADERAT IRAN and the European-Iranian Handelsbank also have branches in Hamburg.

Economic progress

Iran Air operates a twice-weekly flight from Hamburg to Teheran. In March, the Islamic Republic of Iran Shipping Lines restarted the “Europe Container Line” (ECL), which suspended operations in mid 2010 owing to sanctions. The new service will operate 2,500 TEU container ships every fortnight between Hamburg and Antwerp as well as Genoa, Istanbul, Port Said and Bandar Abbas, said Hafen Hamburg Marketing. Since 2013, Hamburg has hosted the Nowruz Forum Germany focusing on economic ties to Afghanistan, Armenia, Azerbaijan, Georgia, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkey, Uzbekistan, Turkmenistan and Uzbekistan.

Sources and further information:

More articles

  • There are no older articles in this category.
  • There are no newer articles in this category.