Iranian investment company ready to invest $2 bln into Dagestan

Hamrahian, a major Iranian investment company is ready to invest up to $2 billion into projects in Dagestan. The company's CEO Seiehamid Hamrahian is now visiting Dagestan on a working trip.

Iranian investment company ready to invest $2 bln into Dagestan

Hamrahian, a major Iranian investment company is ready to invest up to $2 billion into projects in Dagestan. The company's CEO Seiehamid Hamrahian is now visiting Dagestan on a working trip.

"We need to study the tax section of the company's interests in more detail as well as opportunities to build a reliable financial corridor between us. Today, our company is capable of investing up to $2 billion to develop projects in Dagestan", Mr. Hamrahian said in Makhachkala during his meeting with Abdusamad Gamidov, the Chairman of Dagestan's Government, as reported by the Government's Press Office.

The Iranian investors presented their projects, including the construction of a 5-star hotel facility at a 30-hectare plot on the shore of the Caspian Sea. Another project contemplates the construction in Dagestan of a slaughterhouse that in addition to meat as a core project will produce food for cats and dogs as well as other related goods. Hosro Ikrameostevar, a Deputy Manager of the Iranian investment company, emphasized that the company's interests extend to medical tourism, cattle-breading, industry and environmentally friendly fertilizers.

Dagestan's Prime Minister confirmed that the Republic's Government is ready to "offer all possible support it can provide in connection with the investment activities intended to be carried out by Hamrahian in Dagestan.