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:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)