Tehran is now gearing up to host the 10th edition of International Auto Parts Exhibition at its Permanent International Fairgrounds.
As the largest international market of auto spare parts in the Middle East, the trade show—which will open on November 16 and end on November 19—expects more than 910 manufacturers to display their latest products.
Apart from 421 Iranian companies, there are 489 other companies in the event from 20 countries across the world namely Australia, Malta, Bangladesh, the UAE, Austria, Denmark, South Korea, Thailand, Taiwan, China, Belgium, Spain, India, Italy, France, Japan, Turkey and Germany.
The venue has 15 big halls with a total area of 25,000 square meters for the stands and stages of the firms, showing 10 percent growth compared to the total area last year.
One of the goals of the event is to promote investment opportunities in Iran’s light and heavy vehicles industry. The country’s auto sector, with ten percent of its GDP, is the second most dynamic sector of the country standing after oil and gas sections. When it comes to the growth of car production, the country currently ranks fifth in the globe, following India, Romania, Taiwan and China.
