my timesThe Korea Times

Koreas Industrial Giants Active in Iranian Fields

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Existing free trade zones in different parts of Iran allow foreign companies to take advantage of the geographical position of Iran.

The free trade zones as centers of trade activities play an important role in absorbing foreign direct investment and re-exporting goods.

Now there is no barrier in the way of technical and industrial development and the country is moving toward economic progress and prosperity.

Thanks to its rich oil and gas reserves, Iran has always been considered a very cost-effective market.

Considering its industrial and productive potentials in various fields especially in oil, gas, petrochemicals, steel, power and an increase in its exports of manufactured goods, Iran will be changed into a much stronger market.

Cheap energy, a highly qualified labor force, ample natural resources and the protection and promotion of foreign investment are advantageous for foreign investors in Iran.

Nowadays, large Korean business groups are active in various fields in Iran like South Pars projects, petrochemical projects, vessels, tankers, pharmaceutical projects, auto industries, iron and steel, power plants and electric projects.

All these developments indicate that Korea's industrial giants have confidence in Iran.

Significant developments have taken place in various oil, gas, and petrochemical industries in the Islamic Republic of Iran.

South Pars Gas Field is one of the biggest independent gas resources in the world with gas reserve estimated nearly 19 trillion cubic meters which consists eight percent of total global gas reserves and around 50 percent of Iran's known gas reserves.

This field also, includes 18 billion barrels of gas condensates.

Culture and Tourism

Tourism can be introduced as a lucrative industry as well.

There are few countries in the world where every four seasons exist at the same time.

Tourists who visit the southern coasts of Iran in winter can enjoy a very pleasant weather and go swimming and after a 45-minute flight they may arrive in cities like Tabriz and Tehran that are cold enough for winter sports.

Iran with its rich cultural heritage and valuable and countless geographical and natural graces has enormous potential to turn into an important tourism center.

Furthermore, Iran as the cradle of the civilizations has the precious treasure of cultural heritage, which has been remained for thousands of years.

Architecture, sculpture and so many different handicrafts like Iranian carpet are examples of antiquity of art in this country.

The unique geographical location of Iran has enabled various forms of culture to interact. This source of grandeur is a legacy of the rich Persian and Islamic culture. Thousands of monuments and picturesque attractions make Iran a hot tourism spot.

The Iranian style of architecture is unique and creative.

Persepolis, Pasargadae in Shiraz and extraordinary relics of Isfahan are the hallmark of the Iranian architecture which can satisfy any tourist from any part of the world.

Among different Iranian monuments, religious architectures are of high significance as well as regards Iran's cultural heritage and tourism industry.

Tourism is becoming an increasingly popular way to boost economic growth in developing countries.

Although Middle East countries enjoy just 2.1 percent of the global share of tourism industry, Iran tries to increase its potentials and capacities through identification and introduction of its numerous historical monuments, handicraft industries and eye catching architectures as well as its natural territorial beauties.

Shiraz is a city of historic monuments, poets, philosophers, warriors and kings, orchards, roses and fragrant blossoms in southern part of Iran

Isfahan is not only an Iranian city, but it is part of the global heritage so that the United Nations Educational, Scientific and Cultural Organization (UNESCO) has selected it as one of the ten museum-like cities in the world.

Some 6,000 historical remains have been registered in the city and nearby areas.

The World Tourism Organization (WTO) is assisting Iran in embarking on a Tourism Development Master Plan, an ambitious 20-year plan in which Iran hopes to attract 1.5 percent of the world’s total tourists, about 20 million international tourists annually.

This is not at all an unrealistic goal considering that the UNESCO ranks Iran seventh in the world in terms of possessing historical monuments, museums, and other cultural attractions.

To foster and expedite this trend, an estimated $5 billion will be put forth by the Iranian government for preservation and restoration of historical monuments as well as other tourism infrastructure needs.