Daimler’s commercial vehicles division plans to re-enter the Iranian market, as sanctions against the nation look likely to be lifted, according to a report in meconstructionnews.com.
Several western powers reached an agreement with the Islamic Republic last summer, in a move tipped to see trade relations resume, according to the report.
Daimler recently opened its first regional center for MENA in Jebel Ali, Dubai, to support 19 countries across the region. The center will house all of Daimler’s commercial vehicle brands under one roof, including Mercedes-Benz trucks, buses and vans, Fuso vehicles, and Setra buses, according to the report.
The center will also enable the company to manage the upcoming re-uptake of commercial vehicle activities in Iran from its hub in Dubai, according to the report.
Oil and banking sanctions against Iran might be lifted by mid-January, as the country removes nuclear equipment at its uranium-enrichment facilities, Bloomberg recently reported. Based on current work rates, Iran may be able to fulfil its part of the nuclear deal signed with the six world powers by January 12, according to the report.