Lebanon to Build Hotel in Iran

News ID: 932549 Service: Economy
افخمی راد

TEHRAN (Tasnim) – Iran has given permission to Lebanon’s private sector to construct a hotel on the premises of the Tehran international permanent fairground, an official said.

At a meeting with a delegation of Lebanese merchants in Tehran, Head of the Trade Promotion Organization of Iran Valiollah Afkhami Rad hailed Lebanon’s progress in the tourism and hospitality industry.

He said Iran is ready to provide the Lebanese private sector with a site at the Tehran international permanent fairground, north of Tehran, to construct a hotel, provided that the building meets the latest international standards.

Pointing to a final nuclear deal between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany), Afkhami Rad expressed the hope the deal would help triple the value of trade between Tehran and Beirut, to $300 million.

Iran and the six powers on July 14 reached a conclusion over the text of a comprehensive 159-page deal on Tehran’s nuclear energy program.

The accord, known as the Joint Comprehensive Plan of Action (JCPOA), will terminate all nuclear-related sanctions imposed on Iran after coming into force.

Experts believe that Iran’s economic growth would rise remarkably after the final nuclear deal takes effect.

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