100$ Million Foreign Investment in Kish

Kish Island, July 13, 2019- A Turkish company signed an agreement to make a $100 million investment to build one of the largest residential-recreational complexes in the region on Kish Island.

According to the Public Relations and International Affairs Department of Kish Free Zone Organization, as per an agreement signed by the managing director of Kish Free Zone Organization (KFZO) and managers of "a Turkish company” active in the tourism industry this week, the construction operation of the complex will start soon in a 10-hectares area.

The complex will include 1,000 bedrooms equipped with advanced residential facilities for guests, grand reception halls, meeting rooms, several restaurants, sports grounds, a waterpark, swimming pools, and amusement parks.

Mozaffari said this huge tourist complex will attract many domestic and foreign visitors to the coral island.

Mozaffari, earlier in March, said that the Persian Gulf island is prepared to host major events both in regional and international scales, saying "With the proper environment, coastlines, transport, and recreational infrastructures, tourist attractions, and suitable sports amenities, Kish Island enjoys high capacity for hosting regional and international events.”

Kish Free Zone Organization is in charge of handling the infrastructure affairs, development and economic growth, creating job opportunities, attracting local and foreign investors, regulating the good and labor market and ultimately utilizing the Island’s tourism potentials.

PR & Int'l Affairs Department- KFZO