Abadgaran Iran Tourism and Welfare Complexes (Public Limited Company), incorporated under registration No. 8646 on June 12, 1994, was established with a capital of Rls. 2,000,000,000 in order to invest in the tourism industries, and began its activities in Mashhad city and Kish Island.
Through the cooperation of the Housing and Urban Development Organization of Mazandaran province, the company began investing in the tourism industry of Mazandaran province as well. In 1996, Abadgaran Iran Tourism and Welfare Complexes Company and Iranian Construction Investment Company (Public Limited) agreed to concentrate all of their investments of the tourism industries in Abadgaran Iran Company.
Now, the activities of Abadgaran Iran Company cover a large tourist and welfare township in Kouhsangi and the Baghshahr Complex in Golestan Dam of Mashhad city. The complex No.1 of Abadgaran Iran has 22 villas and the complex No. 1 includes 276 apartment units (54 units are being used) on Kish Island. The company also owns Daryaye Aram Galugah Tourism Complex with an area of 100 hectares and a capacity of 180 residential units as well as the hotel of Kalar Abad Tourism Complex on a plot of land with an area of 23000 square meters (under construction).
Abadgaran Iran Company is one of the founding members of Bank Eghtesad Novin and has been accepted in Tehran Stock Exchange with a capital of Rls. 50,000,000,000. The shares of the company are presented in the Share Transactions Hall of Tehran Stock Exchange. The capital of the company has recently increased to Rls. 240,000,000,000.