Iraq News - Local News - Baghdadpost

Iran Guards To Build An Artificial Island In The Arabian Gulf

Iran Guards To Build An Artificial Island In The Arabian Gulf
The business conglomerate owned by the Iranian Revolution Guards Corps (IRGC), plans to build an artificial island in waters off the southern island of Kish, in the Arabian Gulf.
Based on a memorandum of understanding (MoU)signed by the commander of of IRGC’s Khatam al-Anbia Construction Base, Saeed Mohammad Eslami, and the managing director of the Kish Free Zone Organization, Gholam Hossein Mozaffari, on Friday, the artificial island will be used for recreational and residential purposes.
"With the implementation of the MoU, the Kish Free Zone Organization will own the artificial island with an area of 500,000 square meters (approximately 123 acres)," Mozaffari announced.
The completion of studies and implementation of dredging operations in the eastern basin of Kish Island and the construction of the artificial island have been included in the MoU, which is an engineering, procurement, construction and commissioning (EPCC) contract, IRGC-run Tasnim news agency reported.
Khatam al-Anbia Construction Base is the IRGC's economic branch with four subdivisions that are active in different fields, including petroleum, energy, and communication projects.
It is not yet clear whether the base had won a bid to build the artificial island or the project was directly granted to it regardless of the law that requires such projects to go for a bid.
It is also not clear how properties on the Island will be sold or rented. There have been many scandals in the past involving senior government officials muscling their way into public lands, in what is known in Iran as “land-grab”.
IRGC's got involved economic and business activities immediately after the Iran's devastating war with Iraq (1980-1988), but its economic role has greatly expanded in the past 15 years, leading to controversy among Iranians.