Setad, known as the Execution of Imam Khomeini’s Order (EIKO), is a significant parastatal organization in Iran, functioning under the direct control of the country’s Supreme Leader. The entity has recently made headlines due to the appointment of its chairman, Mohammad Mokhber, as the vice-president of Iran. Mokhber’s association with Setad dates back to 2007 when he was appointed as chairman by the supreme leader Ayatollah Ali Khamenei. The foundation, which has faced sanctions from the United States, originated from the nationalization and management of properties seized from Iranian citizens in the wake of the 1979 Islamic Revolution. Over time, Setad has evolved into a substantial conglomerate with interests in various economic sectors, including the critical health sector.
Overview of Setad
Setad, or the Execution of Imam Khomeini’s Order, was established following the Islamic Revolution of 1979 with the primary goal of administering expropriated properties. These properties were taken from individuals and groups who were perceived to be affiliated with the previous regime or opposed to the new Islamic government. The organization has since expanded its mandate and now plays a pivotal role in Iran’s economy.
Leadership and Control
The leadership of Setad has always been closely tied to the highest ranks of Iran’s political hierarchy. Mohammad Mokhber’s rise to the position of vice-president of Iran underscores the organization’s influence within the government. As chairman, Mokhber has overseen Setad’s growth and diversification under the auspices of Ayatollah Ali Khamenei, who has the ultimate authority over the organization.
US Sanctions and Setad
Setad has been subject to US sanctions, which aim to exert pressure on Iran’s economy and its leadership. The sanctions are part of a broader strategy to address various contentious issues, including Iran’s nuclear program and regional activities. Despite these challenges, Setad has continued to thrive and expand its footprint in the Iranian economy.
Economic Influence of Setad
Setad’s economic influence is far-reaching, with involvement in numerous sectors. Initially focused on managing seized assets, it has grown into a conglomerate with business interests that span across vital areas of the economy. The health sector is one such area where Setad has a significant stake, which has implications for public health and the pharmaceutical industry in Iran.
Impact on Iranian Society
The presence of Setad in various economic sectors has a profound impact on Iranian society. Its control of formerly private assets and current economic activities affects employment, production, and the overall economic landscape of the country. The organization’s role in the health sector is particularly noteworthy, given the importance of healthcare services and products for the well-being of the population.
Future Prospects of Setad
As Setad continues to operate under the guidance of Iran’s Supreme Leader, its future trajectory will likely be influenced by both domestic policies and international relations. The organization’s expansion into different economic sectors suggests a strategy of increasing self-sufficiency and resilience against external pressures, such as sanctions. How Setad adapts to the evolving political and economic environment will be crucial for its continued success and influence within Iran.
