​As an international brand, IDRO has made it a priority in the post-sanctions era to lay the ground for joint international ventures, aiming at joint investment and production, and technological exchange at macro levels (mega projects). Accordingly, the German Bavarian state opened an industry and economy office at IDRO. The decision was influenced by strong interest shown by German companies to enter into industrial cooperation with Iran as well as unique economic and industrial indexes of Bavaria. Following the establishment of the office, the sides exchanged information on companies interested in international partnership. Also, a number of big companies from the German state took a visit to Iran in May to plan and sign memoranda of understanding, including the one inked by IDRO and TUV SUD. Headquartered in Munich and founded in 1866, TÜV SÜD is one of the world's leading technical service organizations. Also, according to an action plan already agreed upon and previous ties between IDRO and Germany, IDRO Chairman Dr. Moazami, at the head of a delegation from IDRO department for industrial investment and representatives of some affiliate companies, took a three-day visit to Munich, the capital city of Bavaria state, at the formal request of the Bavarian Industry Association (VBW). During the visit, IDRO office was set up in the central building of the VBW in Munich. Moreover, during the stay, a BTB conference was held with more than 100 industrial, economic, and banking representatives from the German state in attendance. Additionally, political and economic sessions with the state’s ministers were held. Particularly, the visiting delegation met top decision makers of big German companies such as MAN, LINDE, SIEMENS, and TUV SUV. In an opening address delivered to the conference, Dr. Moazami referred to successful industrial and business relations between Iran and Germany, enlisting some goals and capacities IDRO has in its international agenda. Among these goals, he cited attraction of foreign investment, joint investment and production, technological transfer, and management development. The IDRO chairman further invited German companies to grab the investment opportunity in the post-sanctions Iran where they can have access to a 300-million market in the Middle East. As the conference unfolded, some key projects under consideration by IDRO were introduced to the participants, including: •    Macro development projects at South Pars Gas Field with the goal of accelerating the country’s industrial development, creating jobs and national wealth, and increasing natural gas production •    Policy-making for the automotive industry (particularly when it comes to Iran Khodro and Saipa) in order to increase production and make products more cost-effective, promote technology and quality, and finally, upgrade products so as to enhance compatibility •    Benefitting from domestic capacities and experts and implementing appropriate supportive and supervisory policies to promote the status of the ship-building industry through managing Iran Shipbuilding and Offshore Industries Complex Co.  (ISOICO). •    Constructing infrastructural industries as propellers for other industries, particularly those in the field of equipment manufacturing and machineries •    Paving the way for development of advanced technologies and supporting top industries via modern technologies •    Planning to identify investment and industrial development opportunities in unprivileged areas of the country through collaboration with legal and real investors of the private sector and implementing some joint plans  •    Renovating projects and old industries with the aim of making them more profitable and enhancing production efficiency, quality, and quantity •    Opening economic zones to: establish international ties, energize regional economy, and attract and encourage domestic and foreign investment •    Training world-class managers for industrial and development units, boosting a knowledge-based approach, and finally, upgrading managers via an industrial management plan Finally, Dr. Moazami concluded his remarks by saying, “Bavaria is home to many macro industries and economies such as BMW, SIEMENS, and AOD. He further talked about Iran’s goal to manufacture as many as 3 million cars per year, conditioning use of made-in-Germany engines by Iranian automakers upon joint investment in the country. Then, he explained the 50-50 joint venture framework based on which IDRO will ink contracts. Also, during the conference, IDOR deputy for industrial investments listed a number of areas for cooperation in the industry sector: •    Oil, gas, and petrochemistry (equipment manufacturing, upstream and downstream industries, development of oil and gas fields, construction of refinery and petrochemistry units such as gas transformation into propylene (GTP) and mini refineries) •    Transportation industries, including the automotive industry (designing platforms, powertrains, and developing new technologies usable in cars, and producing tires)  •    Rail industries and upgrading the industry via modern technologies •    Maritime industries, machinery  and equipment manufacturing (building and overhauling wide-body ships, oil tankers, gas carriers, small cruisers, drilling rigs, and constructing maritime industries zones in the Persian Gulf Shipbuilding Special Economic Zone.)