Economy
Khuzestan is the major oil-producing region of Iran, and as such is one of the wealthiest provinces in Iran. Khuzestan ranks third among Iran's provinces in GDP.
In 2005, Iran's government announced it was planning the country's second nuclear reactor to be built in Khuzestan province. The 360 MW reactor will be a light water PWR Reactor.
Khuzestan is also home to the Arvand Free Trade Zone. It is one of six economic Free Trade Zones in Iran. and the PETZONE (Petrochemical Special Economic Zone in Mahshahr).
Read more about this topic: Khuzestan Province
Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)