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Iranian Holding SHASTA to invest in Dagestan

24 February 2016 17:38 Posted in:  BUSINESS
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Makhachkala, February 24, 2016. Dagestani minister of tourism and art handicrafts Magomed Isayev has signed a cooperation agreement with Hamedin, the representative of the Iranian investment group SHASTA, the ministry’s press-service reports.

The signing ceremony took place at the Ninth International Exhibition of Tourism and Handicraft Industry (TITE), which took place in the city of Tehran on February 16-19.
The agreement envisages the study of Dagestan investment sites for the construction of hotel complexes. Besides, the investment holding company intends to explore the balneotherapeutic resource of the republic to promote health tourism sector.

Within the business negotiations at the Embassy of the Russian Federation in the Islamic Republic of Iran, Dagestani minister of tourism and art handicrafts discussed the issues related to the organizing of pilgrimage tours and tourists’ exchange.

Dagestan, as well as Iran, has good prospects for the beach resorts development. Otrov Kish in the Persian Gulf is a famous seaside resort. Magomed Isaev visited the island to study the projects in the area of beach tourism. During the visit, the parties discussed the organization of flights to Kish from Dagestan.


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