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Article: Housing leads strong market recovery. (Iran)(MEED Special Report: Construction)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- July 26, 1991
- Author:
CopyrightCOPYRIGHT 1991 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ACTIVITY in Iran has picked up considerably in the past year, and the rate of recovery is likely to accelerate in the coming months. The best opportunities are in housing, transport, power generation, and, of course, in the traditional oil-related fields.
The scope for the construction industry is evident from the size of the market as measured by population and geography. Nearly 60 million people are spread across a vast country with a poor infrastructure, and the population is increasing by nearly two million every year.
In addition, the eight-year Gulf war with Iraq caused immense damage to housing, industry and other facilities. The effects were ...