A German company plans to invest in a 1.9 billion euro project in the Persian Gulf island of Kish, the Iranian Housing and Urban Development Ministry`s Public Relations Department said Wednesday.
According to IRNA, the project is a multi-faceted housing, tourism, commercial, and recreational complex. The project includes both seven and five star hotels and other small-seized hotels with a total capacity of 890 rooms, the
announcement added.
Also, a golf court, commercial and residential apartment
complexes, restaurants, and small villages based on international standards will be built in a 20-hectares plot of land with total building area of 1,050 million square meters. (menareport.com)
© 2004 Mena Report (www.menareport.com)
