Iran building tourism projects worth $47 bn in a bid to boost tourism

Published on : Saturday, October 12, 2019

Iranian Tourism Minister on Thursday said a total of 2,451 tourism-related projects worth 2,000 trillion rials (about $47 billion) are being implemented across the country.


“The country has the potential to attract whatever investment is made in the tourism sector and now tourism’s share in the country’s GDP is about 2.9 per cent, while we are trying to increase the share to 4.5 per cent. To attain that figure we need $21 billion of investments in tourism,” Tourism Minister Ali-Asghar Mounesan said.


He made the remarks on the sidelines of a conference, in which representatives from six eastern Iranian provinces discussed ways to expand tourism.


If the U.S. sanctions are lifted and regional tensions are reduced, tourism capacity of the country will be much higher [than what we witness today], he said.


“I believe that the prospects of tourism are very favourable and it will take the first or second place [in the country’s economy] in the not-so-distant future,” added the minister.


Referring to the country’s eastern provinces, the minister said that they have high potentials for medical tourism. “In addition, they are benefiting from large regional markets that are considered as tourism potentials of this region.”


Some 7.8 million foreign nationals visited Iran during the past Iranian calendar year 1397 (ended on March 20), which shows 52.5 per cent growth from a year earlier, according to data compiled by the tourism ministry.


Tourism officials said earlier in May that the U.S.-led sanctions, targeting Iran’s economy, had failed to lessen foreign arrivals to the Islamic Republic, adding “Decrease in Iran national currency value has made Iran tour packages more competitive.”


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