Global Business in Iran Database

In-depth metrics and analysis of Iran's international economic partnerships.

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ABB AG, Ceases Operations in Iran

description

Swiss engineering firm, ABB AG announced that it had stopped taking new contracts in Iran 12 months ago in an effort to divest itself from the Iranian market.  The company is active throughout the Middle East and has worked on dozens of projects in Iran since 2000. 

Status

  • Current Status:
  • Discussion Date:
  • Contract Date:
  • Completion Date:

Citation

1. "ABB, other Swiss firms halting Iran business", Reuters, 1 February 2010, available at http://www.reuters.com/article/idUSLDE60U0F720100131?type=marketsNews.

2. "Swiss Firms irritated over SEC blacklist", Swiss Info, 1 July 2007, available at http://www.swissinfo.ch/eng/Swiss_firms_irritated_over_SEC_blacklist.htm....

All projects by ABB AG