UAE Business Solutions, a Dubai-based consultancy firm has signed a Memorandum of Understanding (MOU) with MAH Pishro Serv, a Tehran based company, to establish strategic alliance and partnership in Iran.

The association comes as part of UAE Business Solution’s regional expansion plans, a significant step towards synergising strengths, gaining domain knowledge and achieving new market penetration, a statement said.

The commercial agreement between UAE Business Solutions and MAH Pishro Serv, will allow the organizations to co-promote their respective organisations in UAE and Iran while collaborating on strategic business and commercial alignment for their clients.

Utilising existing network and resources, this undertaking will become a giant leap for their clients seeking new projects, opportunities and business set up in Iran, the statement.

"We have been reviewing the business environment in Iran since my first visit in 2009. The recent easing of economic sanctions has prompted us to enter the market,” said Stephen Armitage, UAE Business Solutions managing partner.

“Many of our UAE clients have expressed interest in commercial opportunities available in Iran and the signing of this association with MAH Pishro Serv will allow us to extend our services in conjunction with our trusted local partner.  UAE Business Solutions will act as a conduit for companies interested in doing business Iran and our main aim is to ensure smooth transaction and seamless business set up.” – TradeArabia News Service