Meliá Hotels Announces New 5-Star Hotel in Iran

Mr. Ahad Azim Zadeh, CEO of Azimzadeh Carpet and main investor and developer of the “Ghoo, Middle East Diamond”, said:

“This is a historical moment for Iran’s tourism, and we are pleased to be a key part of it. Tourism brings social and economic development to a community, as well as people and cultures. Ghoo, Middle East Diamond will mark a turning point in tourism in Iran and the modern and avant-garde hotel & resort’s sector.”

One of the largest countries in the Middle East, Iran has a strategic position connecting Russia and Turkey to the Arab world, as well as being a key hub for transportation between Asia and Europe. Iran has one of the top 20 largest economies in the world, and the lifting of sanctions will now open up a new phase for foreign investment, for which the Iranian government is already implementing strategies to accelerate the development of key sectors, especially oil and gas, technology, and tourism. According to the International Monetary Fund, Gross Domestic Product (GDP) in Iran will grow by almost 4% as an immediate result of the foreign investment the country will receive after the lifting of sanctions.

Tourism is undoubtedly one of the industries with the most promising growth prospects. Iran expects to attract more than 20 million passengers a year by 2025, compared to the current 5 million. This will require the development of additional transport infrastructure and hotel capacity, estimated at at least 150 hotels to cater to the increased demand. The government has recently revealed its intention to acquire up to 160 Airbus jets to add to the Iran Air fleet, and to build more than 500 kilometres of new railway lines every year as well as new highways.

(Source: Meliá Hotels)

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