Turkish Investors Sign $100mn Projects in Iran’s Kish Island

Date: 13 July 2019 - 21:37

News ID: ۶۸۰۶۳

TEHRAN (Dispatches) - Chairman and Chief Executive Officer of Kish Free Trade Zone Organization (KFTZO) Qolam Hossein Mozaffari said on Saturday that a Turkish company signed an agreement to make a $100 million investment to build a large residential-recreational complex in the Persian Gulf island of Kish, in southern Iran.
As per an agreement signed by the managing director of Kish Free Zone Organization (KFZO) and managers of "a Turkish company” active in the tourism industry this week, the construction operation of the complex will start soon in a 10-hectares area.
The complex will include 1,000 bedrooms equipped with advanced residential facilities for guests, grand reception halls, meeting rooms, a number of restaurants, sports grounds, a waterpark, swimming pools and amusement parks.
Mozaffari said this huge tourist complex will attract many domestic and foreign visitors to the coral island.
Mozaffari, earlier in March, said that the Persian Gulf island is prepared to host major events both in regional and international scales, saying "With the proper environment, coastlines, transport and recreational infrastructures, tourist attractions and suitable sports amenities, Kish Island enjoys high capacity for hosting regional and international events.”
The KFTZO is in charge of handling the infrastructure affairs, development and economic growth, creating job opportunities, attracting local and foreign investors, regulating the good and labor market and ultimately utilizing the Island’s tourist potentials.