Municipality News

Qom attracts 23,000 billion rials of investment, says official

The head of investment affairs of Qom Municipality says the city of Qom has attracted 23,000 billion rials over the last 6 years.

Elaborating on Qom municipality’s measures in the field of investment, Mohammad Reza Marefat stated that Qom Municipality has always sought to generate a stable income and economy and further the city’s development by attracting domestic and foreign investments.

During the tenure of Dr. Saghaiannejad in Qom municipality, significant achievements have been made in the investment sector, Marefat noted.

He referred to the Great Prophet (PBUH) Boulevard as one of the projects having great capacities in the area of private sector investment, adding the project was begun in 2009 and all its participation bonds, with the amount of 4000 billion Rials, were sold in less than a week.

The first major project on the Boulevard of the Great Prophet (PBUH) is the construction of a 5-star Touba hotel on 16 floors, which enjoys international standards, he said.

Touching upon the attraction of 23,000 billion rials of investment in the city of Qom, the municipal official reiterated that despite the outbreak of the Coronavirus and the sanctions imposed on the investment sector, urban management has performed well in the field of investment.

Marefat has then announced that the city of Qom has attracted 6 times more investors than before.