Iran plans US$ 30 billion investment in tourism infrastructure

Published March 17th, 2005 - 04:22 GMT

Iran will invest US$ 30 billion in its tourism infrastructure over a five-year period as part of its 'master plan' efforts to have a 20-percent share of world tourism by 2024, Iranian Vice-President and Head of Iran's Cultural Heritage and Tourism Organization, Hossein Marashi, said in Berlin.

 

Speaking at a news conference at this year's ITB tourism exhibit, Marashi said, "For the first five years of the plan which will go into effect in 2007, we will invest 30 billion dollars in our tourism sector." "The goal of our master plan is to host annually 20 million foreign tourists by 2024," the Iranian Vice-President said.

 

"For the project to succeed, we need foreign expertise, know-how and investments," he noted, according to IRIB