http://www.tehrantimes.com/archives/Description.asp?Da=12/11/2005&Cat=9&Num=12

TEHRAN (CHN) -- A Turkish company is determined to invest U.S. $350 million to build a residential-trade complex in Tehran which will consist of a hotel and several business offices.

In May/April 2005, a Turkish hotel construction company launched some negotiations with the Iranian Cultural Heritage and Tourism Organization (ICHTO) to invest in the tourism sector of the country.

In addition to this project, and with the cooperation of ICHTO, the company is intending to build 20 three-star chain hotels in different cities of Iran.

According to Gholam-Hossein Khosro Abadi, director general of the equipment office of non-governmental associations of ICHTO, this residential-trade complex will cover a land area as large as approximately 350,000 square meters. The Turkish company has started negotiations with Tehran’s municipality to find a proper land for this complex.

Part of the expenses of this project will be achieved by the foreign finance department, and the rest will be obtained by selling the apartments and trade units in advance.

_____

Well i guess this company could be Enka or Rixos Group. Anyway i think it's a good news whoever the company is.

this is great! i love turkey and i am glad they are investing in iran.

Yeah, I read that this morning, that's very nice.

Frankly i'm more happy about the the 20 3 star chain hotels being built in the other cities.

I've said before i know many other Turkish companies who want to invest in Iran. But that Turkcell and TAV disasters feared them. Still i expect some investments more. First one is Koc Holding. I expect RamStore (retail hipermarket chain) to open a hipermarket in Tehran and Arcelik or Beko to open a home electronic plant.

I think Iran is full of opportunities for the one who can get the risk !

because of the sanctions, iran is a country ripe for investment. there is a 70 million consumer market. i read an article a while ago that said american companies and european companies want the sanctions to go away so that they can do business in iran!

the sanctions are keeping iran from reaching its true potential, iran could have an economy larger than 1 trillion dollars! but i guess this is what the USA wants, to keep iran economically poor.

^^ But the sanctions are only on the American companies, not European.

^^ But the sanctions are only on the American companies, not European.
yes but because there are sanctions, the economic sitaution isnt good.

and you have to remember that a lot of european companies have ties with american companies and european governments have ties with the american government.

europe also wants a poor iran, but i dont see how keeping iran poor is going to make the mullahs go away. sanctions have never worked and they wont work against iran either, it doesnt make sense.

yes but because there are sanctions, the economic sitaution isnt good.

and you have to remember that a lot of european companies have ties with american companies and european governments have ties with the american government.

europe also wants a poor iran, but i dont see how keeping iran poor is going to make the mullahs go away. sanctions have never worked and they wont work against iran either, it doesnt make sense.

The biggest reason why Erupean companies arent investing in Iran is probably because they feel unsafe about the political situation.

yes but because there are sanctions, the economic sitaution isnt good.

and you have to remember that a lot of european companies have ties with american companies and european governments have ties with the american government.

europe also wants a poor iran, but i dont see how keeping iran poor is going to make the mullahs go away. sanctions have never worked and they wont work against iran either, it doesnt make sense.

I don't think Europe wants Iran to be poor.

The biggest reason why Erupean companies arent investing in Iran is probably because they feel unsafe about the political situation.
well ofcourse, the political situation is why there are sanctions and military threats in the first place.

i really hope the mullahs will go soon.

The biggest reason why Erupean companies arent investing in Iran is probably because they feel unsafe about the political situation.

This is true and same reason why Turkish companies are hesitating to invest in Iran.

Those compaines, all of them, are multi-shareholder companies. Managers are responsible to their shareholders. Look what happened to TAV, they've lost 150 millon $ and Turkcell have lost more than 3 billion $ investment chance. It's really hard to invest where a group of people are holding all the control of the economy. What if they turn against you and kick you out of the country after you've spent a billion $ :eek:

http://www.iran-daily.com/1384/2259/html/economy.htm

Turkish Ambassador to Tehran Bozkurt Aran said earlier Iran can forget about investment by the Turkish company TAV in the Imam Khomeini International Airport (IKIA) development project after paying some $15 million in compensation.
The diplomat said that there are many Turkish companies willing to invest in Iran, stressing that obstacles created in the way of Tepe-Akfen-Vie (TAV)–s participation in the IKIA project would make them think twice.
The Turkish ambassador further advised Iran not to kill the growing enthusiasm shown by Turkish companies in recent years for investment in Iran.
He said several Turkish firms are willing to invest in textile, ceramics, chinaware, beverage, mineral and auto spare parts manufacturing industries in Iran.

http://www.iran-daily.com/1384/2259/html/economy.htm

That's just sad, how much investment is being missed out...

That's just sad, how much investment is being missed out...
probably a trillion dollars worth of investment.

^ From Turkey?? :eek:

^ From Turkey?? :eek:
no, from everywhere.

LOL, well the article was about Turkish companies running away.

LOL, well the article was about Turkish companies running away.
o woops, i thought we were talking about investment in iran in general. but yea, from turkey probably like 10 billion.

nice $350 million to build a residential-trade complex in Tehran which will consist of a hotel and several business offices.

cant wait for the renderings.

Here comes more detail for the project. The company is Ekşioğlu (Eksioglu). It's said that it's a really big project which will have an impact on the whole city.

Here are the renderings;

http://img221.imageshack.us/img221/1305/eksioglu4wg.jpg (http://imageshack.us)


http://img221.imageshack.us/img221/285/eksioglu24er.jpg (http://imageshack.us)

They're building a 5 star hotel in Shiraz too which is financed by UAE.

I think these renderings are the ones for Tehran not Shiraz.

http://www.sabah.com.tr/eko116.html

This is the link for the news. (in Turkish)

They've three projects in Iran;

- 119 million Euro sport complex for Istiklal Sport Club in Tehran
- 150 million $ 5-star Hotel in Shiraz
- 350 million $ project which they negotiate with Iranian government to build in Tehran. Project is about 350.000 m2. A five star hotel, office areas and 20 three star hotels will be built. Renderings are for this project.

o, so are there renderings for the other projects?

o, so are there renderings for the other projects?

Unfortunately no :(

Unfortunately no :(
that sucks.

any high rises planned????

Newspaper says that company does not want to disclose the details of the project till the negotiations with the Iranian Government ends. So i think we will have to wait some time for the details.

Newspaper says that company does not want to disclose the details of the project till the negotiations with the Iranian Government ends. So i think we will have to wait some time for the details.
yea, how long will that take?

well, i got to go to sleep thanks for the information.

^i've no idea

Here comes more detail for the project. The company is Ekşioğlu (Eksioglu). It's said that it's a really big project which will have an impact on the whole city.

Here are the renderings;

http://img221.imageshack.us/img221/1305/eksioglu4wg.jpg (http://imageshack.us)


http://img221.imageshack.us/img221/285/eksioglu24er.jpg (http://imageshack.us)

They're building a 5 star hotel in Shiraz too which is financed by UAE.


Thanx for the renders, what would we have done without you? :)

Really great project, Eksioglu is a large and established construction company so I'm sure it will be cool.

Really great project, Eksioglu is a large and established construction company so I'm sure it will be cool.
well, do they make better renderings than these?LOL

Dunno lol.

Turkish Company To Construct Hotel In Iran


Published: 11/8/2006

TEHRAN - Turkish construction company "Ucgen" will build a hotel in Iran.

Ucgen's Executive Board Chairman Haluk Kaya signed today an agreement with executives of Iranian Tourism Development Company for the construction of six hotels, a project worth 100 million USD.

Kaya said that Turks and Iranians will manage the hotel together at first, but then the hotel will be transferred to the Iranians.

Noting that their company earlier built hotels in Turkmenistan and Kazakhstan, Kaya added that they will open courses in Iran to train young Iranians about tourism and hotel management.

http://www.turkishpress.com/news.asp?id=150534

^^GOOD GOOD^^!!!!

agha jun in sherkate torki garar ast 20 hotel besaze (mesleke iraniha namiranand hotel besazan ke az iran gorazetaresh dARSE HOTEL SAZI BE IRAN BEDE)http://mynews-in.net/news/society/2006/05/22/1030098.html

Директор иранского представительства компании Ucgen Insaat ve Ticaret A.S. Мехмет Тосун Тургай заявил сегодня журналистам, что Ардабиль один из важнейших туристических городов Ирана, и компания начала здесь строительство 4-звездочного отеля на берегу озера Шурабиль. В строительство этой гостиницы, в которой будут размещены 100 номеров, компания Ucgen Insaat ve Ticaret A.S. инвестирует около 12 млн. долларов США. INJA NAWESHTE SHODE KE SHERKATE (BE ZABANE RUSI) (Ucgen Insaat ve Ticaret) GARA AST TU ARDABIL YEK HOTELE 4 SETARE BESAZE BE ARZESHE 12 M DOLAR WE HAMCHENIN 20 HOTEL DIGAR

hah, even better :P