Iranian construction industry set to grow at 6.1% annually as FDI returns

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.