BAT: a flagship investor | Iran’s business future fettered by politics
TAV fails to fly
Turkish-led consortium Tepe-Akfen-Vie (TAV) invested $15 million on a goodwill basis in building Tehran’s new Imam Khomeini International Airport in the expectation that it would then be able to take a major part in running it. However, the firm only ever signed a memorandum of understanding, and has had its plans shattered by opposition to the deal from elements of the Iranian regime.
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