German, Turkish investors to build 20 hotels in Iran

German and Turkish investors will build about 20 hotels in Iran, an Iranian vice-president said.

Iranian Vice-President and the head of the Cultural Heritage Organization Massoud Soltanifar has said that Iran has recently inked deals with investors from Germany and Turkey to enhance the country’s tourism infrastructure, Mehr news agency reported.

Massoud Soltanifar said that according to a memorandum of understanding (MoU) inked on May 29 with Germans, they will construct about 15 hotels in the country.

Over the past month, another MoU on building about five hotels in Iran was signed with Turkish investors.

Iran plans to attract 20 million tourists per year to generate $30 billion in revenue by 2025.

The United Nations World Tourism Organization (UNWTO) has suggested that Iran’s international tourism revenues in 2013 amounted to $1.294 million.

Meanwhile, the World Bank (WB) reported that 4.96 million tourists arrived in Iran in 2014. The WB statistics indicates 1.175 billion inbound tourists across the globe in 2014 with an expenditure of $1.426 trillion.

Source: Trend