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Iran's President invites foreign investment in Kish projects

President Mohammad Khatami on Thursday called on Iranians living abroad to give the economy a boost by investing in Kish Island's development projects, IRNA reported from Kish.

The president, who was on the island to inaugurate a number of completed development projects, spoke to reporters before leaving.

Pointing to the rapid development of Kish Free Trade Zone, he said that the country's free trade zones provide excellent opportunities for foreign investment and have made significant contributions to the improvement of the national economy.

He said that in today's highly technological world there was a need to keep abreast with the latest technology and facilities as well as to capture a greater share of business in the international arena.

He said the Iranian nation deserves progress and a better life and pledged the government's commitment to fulfilling this goal.

During his stay in Kish, the president and his entourage attended the inaugural ceremony for the newly opened Kish wooden Products Factory on Thursday.

The wooden products factory is a private sector endeavor in cooperation with a German company and has been set up on a 5,000-square-meter land. It has created some 62,000 job opportunities.

The president also inaugurated the five-star Dariush Hotel in this southern Iranian island.

The four-storey hotel, which took almost five years to construct, stands on a 90-square-kilometer piece of land north of Kish Island. Its 200 rooms and 500 beds with first-class facilities aims to attract more Iranian and foreign tourists to the island.

A new, wider terminal for Kish International Airport was also inaugurated by President Mohammad Khatami on his visit to the island.

The terminal, which will serve tourist and commercial flights, was designed and built on 4,500 square meters of land entirely by Iranian experts and engineers at a cost of rls two billion.

The terminal would have the capacity to serve three flights simultaneously.

... Payvand News - 4/4/03 ... --

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