The hotel will cover an area of almost 7,000 square metres and include 486 rooms and 42 ambassador suites spread over 18 floors. Other features include restaurants and cafeterias, a business centre, shops and sports and parking facilities. The client plans to sign up a major international hotel chain to manage the five-star hotel.

The IT/WTC development will cover an area of 35,000 square metres and have a total built-up area of more than 216,000 square metres.

The centre will feature permanent and temporary office facilities for local and international companies, including exhibition and warehouse space, offices for private and governmental trade-related service providers, training facilities and an e-commerce centre.

Yadman Sazeh says it will formally invite investors for the project in 2003.

Construction work on other sites of the Tehran International Trade & Convention Centre project are progressing, with local firms carrying out the construction of the 435-metre-high Milad tower and convention centre.

The centre is located on the outskirts of Tehran next to the Hemmat highway, which links the capital's centre with the international airport and the Karaj industrial township.