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:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“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)