The country of Iran is a very flexible and active economy , placed in the Middle East sorrounded by a modern network connection and a special strategic situation . Iran is an important constituent of the ancient silk road for over 4000 years . The country has an extremely advantageous position between Asia and Europe . It plays an important role in the international trade lying between the Mediterranean Sea , the Caspian Sea and the Black Sea . With its young and qualified workforce , Iran is the best place and choice for investments . Position Iran, with an area of 1 .64 .196 sq km and nearly 80 million citizens , is located in South -West Asia . The country‘s neighbors are Turkey and Iraq to the west, Afghanistan and Pakistan to the east , Armenia, Azerbaijan , Russia , Kazakhstan and Turkmenistan to the north and Kuwait, Saudi Arabia , Qatar , Bahrain, United Arab Emirates and Oman to the south , seperated by the Persian Gulf and the Sea of Oman . Moreover , Iran as a strategic country has got common borders with the states of ESCWA to the south and west, SAARC to the east and CIS and Caucasus as well as UNECE to the north . The country is regarded as one of the richest countries in hydrocarbon resources such as oil , gas, mines , etc . Thus it ranks second in the world in gas reserves and export as well as second in the export of crude oil . According to the reports of international institutions like the World Bank, Iran scores the eighteenth out of twenty outstanding economies with having more than 700 billion dollars as the GDP . In conclusion, Iran is one of the most important and strategic countries in the world.