World  Business and Economic Analysis 

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Investors from Turkey will build at least 10 hotels in Iran, as part of an agreement signed during Turkish Culture and Tourism Minister Mahir Unal’s official visit to Tehran on Thursday.
The number of flights between the two countries is also set to increase for attracting more Iranian tourists to Turkey, Turkish newspaper Daily Sabah reported on its website.
Unal met with the head of Iran’s Cultural Heritage, Handicrafts and Tourism Organization, Masoud Soltanifar, while representatives from the Turkish tourism sector met with Iranian counterparts in Tehran to discuss investment and cooperation opportunities.
The Turkish delegation included representatives from the Association of Turkish Travel Agencies, Turkish Tourism Investors Association, Hotel Association of Turkey and Turkish Hoteliers Federation.
The hotels are to be built in Tehran, Isfahan, Shiraz, Tabriz and Mashhad.
“We will transfer our knowhow on training, planning, marketing and advertising to raise tourism standards in Iran,” a Turkish tourism ministry official told Reuters, declining to be identified because he was not authorized to speak to the media.
Turkey and Iran will also organize joint tours for the Asian market that will include visiting cities in southeast Turkey and Iran, the official said.
Tourism industry officials expect more than 2 million Iranians to visit Turkey this year, up from 1.7 million last year. In the first four months of 2016, there has been a 7% increase on last year.
That’s a rare bit of good news for Turkey’s tourism industry, which has seen revenues tumble nearly 17% in the first quarter, hit by a series of militant bombings and worsening of ties with Russia following Turkey’s downing of a Russian fighter jet in November 2015.

  Tehran Confab to Boost Exports to Turkey
More than 500 Iranian small- and medium-sized enterprises will attend a conference at Tarbiat Modarres University of Tehran on May 26 to discuss ways of promoting Iranian exports to Turkey.
Secretary-General of Turkish-Iranian Business Council Seyyed Jalal Ebrahimi, chairman of the council, Biligin Aygul, and Iran’s commercial attaché to Turkey, Hamid Zadboom, are among keynote speakers at the conference, which is being organized by Zoodel, online business-to-business marketplace portal for Iranian exporters to neighboring countries, in cooperation with Turkish-Iranian Business Council.
Annual trade between Iran and Turkey plunged 29% in 2015 to stand at $9.8 billion.

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