Friday, July 20, 2018
Directory Directory Subscribe
Login
 

Iran plans 25 billion tourism investment

 
 

Please, enter data

Please, enter data

Press TV, 10 March 2016

Iran has hammered out an investment package worth $25 billion to revitalize its tourism which has been under the shadow of its sprawling petroleum industry.

The country is working to diversify its foreign exchange earnings away from petrodollars as the liability of the oil sector is beginning to dawn on the nation following years of sanctions and crude market volatility.

"In the year 2025 vision plan, Iran must annually host 20 million foreign tourists who could generate between $25-30 billion in foreign exchange earnings,” head of the Iran Cultural Heritage, Handicrafts and Tourism Organization (ICHTO) Masoud Soltanifar said.

"For tourism development in Iran, our organization has prepared a package for $25 billion of investment in 1,300 projects,” he said on the sidelines of a signing ceremony to hand over two hotels in Tehran to AccorHotels.

Under the deal with Iran’s Tourism Financial Group, the French group will run the hotels near Imam Khomeini International Airport (IKIA), marking the first foray by a major foreign entity into the country’s hospitality market since 1979.

Hotel groups from several countries are pushing to boost their portfolios in Iran which is being tagged as the most lucrative emerging hospitality development market.

Iran’s hospitality market, however, is immensely underdeveloped and the country is in need of brisk development of its tourism infrastructure in order to rise to the occasion.

"Iran has great potential in the tourism sector. In the post-sanction era, we are decided to make up for the backwardness in using this hidden treasure,” Soltanifar said.

The priority, he said, is to raise the number of four- and five-star hotels in order to cater to foreign tourists. Iran has currently 1,100 hotels of which only 130 are in the four- or five-star category, according to the official.
"By 2025, the number of four- and five-star hotels in Iran must rise to 400,” he said, adding 125 such hotels are currently under construction with physical progress of between 5-90%.

The French group wants to book 100 more hotels in Iran which "has absolutely everything, in terms of very rich history, extraordinary geography and a true sense of hospitality”.

According to Iranian officials, hotel groups from Germany, Greece, South Korea and Singapore have recently traveled to Iran for talks.

The UAE-based Rotana has hotel projects in Tehran and in the pilgrimage city of Mashhad. Its five-star Espinas Behnood Hotel will open this year in northern Tehran, with 600 rooms.

Others are expected to be completed this year, including the five-star, 200-key Rayhaan in 2017.
Press TV
10 March
 

  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

Abadi promises funds, infrastructure projects for Dhi Qar province
Rudaw, 20 July 2018

The Iraqi government has pledged to take a number of concrete actions for Dhi Qar province after a meeting with local tribal leaders and elders.

...

Read full story
Abadi promises funds, infrastructure projects for Dhi Qar province
New energy park 'to boost Dammam real estate sector'
TradeArabia News Service, 19 July 2018

The development of King Salman Energy Park (Spark), one of the largest investments in Saudi Arabia's Eastern Province, is set to boost sectors of Dammam ...

Read full story
New energy park 'to boost Dammam real estate sector'
Salameh: Monetary conditions stable
The Daily Star, 19 July 2018

Central Bank Governor Riad Salameh said Thursday that monetary conditions in Lebanon were stable and that the country could expect two percent growth this year.

Read full story
Salameh: Monetary conditions stable
Back to Home Page 2960 --- 0 <><><> 717.33333333333.....exvideo=0....eximage=0
P 0
BR 28

 
Entertainment KSA
3 - September 2018
The 2nd Annual Digital Transformation Summit
17 - September 2018
Future Traffic Security
24 - September 2018
Future Civil Defense
24 - September 2018
Global Road & Traffic Safety Forum - Abu Dhabi
24 - September 2018
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  Iraq Agrofood Baghdad - 8 October - 11 October 2018  
  Project Iraq Baghdad - 8 October - 11 October 2018  
  Hospitality Qatar - 6 November - 8 November 2018  
  HQ - Food Qatar - 6 November - 8 November 2018  
  Food Africa Cairo - 8 December - 10 December 2018  
  Mac Fruit Attraction - 8 December - 10 December 2018  
  Project Qatar - 29 April - 1 May 2019  
  Beirut Boat - 30 April - 4 May 2019  
IFP Group Events Calendar

Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Beirut Boat
Qatar
Hospitality Qatar
HQ - Food Qatar
Project Qatar
Iraq
Iraq Agrofood Baghdad
Project Iraq Baghdad
Saudi Arabia
Riyadh Motor Show
 
 
  IMC
IFP Group 2018 - © All rights reserved