US sanctions against Iran could negatively impact EU engineering and construction firms

2018-05-10T20:24:00-04:00

Much is at stake for US and European companies enjoying revived trade with Iran following US President Donald Trump’s decision this week to pull out of the Iran nuclear deal and impose fresh sanctions. Hardest hit will be oil and gas firms, plane makers like Airbus and Boeing, and car makers. But European engineering and construction firms, recruited in the last two years to help Iran develop its transport infrastructure, could lose out as well.

US President Donald Trump’s decision to pull out of the Iran nuclear deal and impose new sanctions will drastically impact European engineering and construction firms and could restrict the availability of international finance for big schemes.

After the nuclear deal was signed, Iran launched immense transit programs spending around $25 billion. Vinci and Ferrovie dello Stato have signed deals in Iran’s expanding rail and aviation sectors.

Amid historic nuclear negotiations, Tehran's urbanism is shifting

2015-05-11T13:58:00-04:00

If ongoing discussions with the United States and others prove successful, sanctions affecting the Iranian economy will likely be lifted, exposing the country to a forceful wave of globalization. But the shift from isolation to inclusion has already begun to transform Tehran. [...] It’s a city that, at this moment, is intensely influenced by international relations, shaping itself into a burgeoning urban hub.

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US sanctions against Iran could negatively impact EU engineering and construction firms

Amid historic nuclear negotiations, Tehran's urbanism is shifting