Iranian knowledge-based firms to attend Airshow China 2024

A delegation of Iranian knowledge-based companies will participate in the China International Aviation & Aerospace Exhibition which is also known as Airshow China.
The exhibition is scheduled to be held in Zhuhai from November 12 to 17.
The Innovation and Prosperity Fund supports the Iranian delegation.

Visiting China International Aviation and Aerospace Exhibition, as well as some scientific and industrial centers, and holding B2B meetings, are parts of the plan.
China International Aviation & Aerospace Exhibition is the only international aerospace trade fair that is endorsed by the Chinese central government and presents a flight show.
The exhibition is organized under the patronage of the “China Administration of Civil Aviation” in order to promote trade talks and technological exchange.
The show features the display of real-size products, trade talks, technological exchange, and flying display.

Since 1996, the show has been successfully held in Zhuhai in every even-number year for 10 sessions. It is a gateway for international aviation and aerospace enterprises to showcase the latest technology and products in the fast-growing Chinese market.
Notable growth of knowledge-based companies
The significant and fast-paced growth in the number of knowledge-based companies with over 200 percent increase in their number just over the past year (March 2023 – March 2024), shows the solid foundation, dynamism, and growth of the country in innovation and technology and the productive atmosphere which have been made available in line with the goal of boosting domestic production with public participation.

The current administration underscores the quantitative and qualitative development of knowledge-based companies. The number of companies, which was around 5,000 before the current administration took office in August 2021, has now reached 10,000 with a total value of two billion dollars.
Iran’s knowledge-based companies exported over 3.6 million tons of products, valued at $2.506 billion, in the previous Iranian calendar year (ended March 19, 2024), according to the Islamic Republic of Iran Customs Administration (IRICA).
Based on the IRICA data, some 1.158 million tons of goods, valued at $5.141 billion were also imported by knowledge-based companies into the country from March 21, 2023, to March 19, 2024.

About 85 percent of the goods imported by the knowledge-based companies came from China, the United Arab Emirates (UAE), Turkey, Germany, and India, IRNA reported.
The domestic knowledge-based companies exported their products to China, Iraq, the UAE, Turkey, and Russia in this period, IRICA said.