The Economy of Iran
The IRGC and the Economy
The Islamic Revolutionary Guard Corps controls a vast business network in construction, energy, telecoms and trade, raising concerns about competition and transparency.
An economic power alongside a military one.
Reach
Firms linked to the IRGC operate in construction, oil and gas, ports and telecoms.
Advantages
Political connections, tax privileges and access to contracts.
Effect
Private firms complain of unfair competition.
Privatisation
Sales of state assets have often ended up with connected entities.
A contract
A giant pipeline contract goes to a firm affiliated with the Guard.
Assuming all economic activity is competitive
Politically connected firms have advantages.
Key takeaways
- The IRGC has a large business network.
- It has privileges.
- Private firms face unfair competition.
- Privatisation often benefits insiders.
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