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Tehran investment summit hosts local, intl. investors

Yusef Jalali
Press TV, Tehran

Tehran; the capital of Iran and now a destination for investors; Tehran Investment Summit brought together businesses, mayors and urban development officials from Iran and the world to explore areas of investment in Tehran.

Two hundred and 10 projects covering waste management, transport and tourism among others will be introduced to investors in the two-day conference.

The projects total roughly 71 billion dollars. Tehran municipality says if those projects are accomplished, they will revolutionize the Iranian capital.

Being among the busiest cities means that Tehran is inevitably among the most polluted places in the world.

Municipal authorities say they also welcome any investment in controlling air pollution in Tehran.

Attracting foreign investment has long been a challenge for Iran as a result of US sanctions that restrict global banking transactions with Iran.

Life in the Iranian capital is a mixed experience of modernity and antiquity, as it is home to both skyscrapers and historic buildings, together making it a hot tourist target.

But tourism is only one of the countless capacities for investment in Tehran, as it is home to some 15 million residents, and with a large population comes a wide array of interests and businesses.

As the capital of Iran, Tehran has numerous opportunities for investment from tourism to transport and pollution control projects.

Many of those projects have so far been running through citizen participation or tax revenues.

Now Tehran municipality says it's shifting approach towards investment will accelerate development in the Iranian capital.

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