The Iranian construction industry is likely to grow by an average of 6.1% over the next five years and by 4.5% in 2016 compared to the 3.2% previously forecast, according to the latest figures from BMI Research. The UK-based research company expects the removal of sanctions to encourage private-sector investors to return to the country and for Iran’s risk profile – particularly in the financing stage of the project life cycle – to continue to improve. It warns, however, that persistently low oil prices will reduce government revenue and consequently limit public spending on infrastructure.
Source: theiranproject