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Article: Smaller firms keep busy; the big-ticket projects have been hamstrung by political wrangling but work still abounds.(Iran)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- February 11, 2005
- Author:
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While the majority of civil work in Iran continues to be for small projects carried out by small and medium-sized contractors, the additional funds released by booming oil revenues have fuelled an upturn in larger schemes. For civils contractors, this will mainly result in subcontract work in the hydrocarbons, power, petrochemicals and industrial sectors. However, there will also be a handful of infrastructure opportunities.
Large building projects are thin on the ground. The most impressive one now under study is that planned for Vanak Square in uptown Tehran. The estimated $150 million, 61-storey tower is being designed by Kuwait's KEO International Consulting ...