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Private car producer Bam Khodro has recently launched a production line for China’s Geely GC6 sedan in the city of Bam in Kerman province, Iran, according to a report from Financial Tribune.

Carlo Maresca, an Italian conglomerate active in real estate, tourism, and renewable energy, signed a power purchase agreement (PPA) last December with the Renewable Energy Organization of Iran (SUNA).

Iranian authorities announced the country exported US$ 17 million worth of medical devices during the fiscal year of 2016 to 17, an 18% year-on-year increase compared to the same period last year.

The real estate sector in Iran has been experiencing stagnant growth in the past few years owing to the large overcapacity in luxury housing and the downfall of global oil prices since 2014.

With Iran nearly free from international sanctions since January 2016, the reformist government has been working hard to maintain market stability and openness towards the Western world, as well as to seek more foreign investment.