Iran, Turkey to Cooperate in Mass Housing Project

One hundred thousand homes will be constructed for people of modest means in cooperation with Kuzu Group, a Turkish construction company. 
According to Alaeddin Khataei, the managing director of Iranian Barter Market, the contract between the Turkish firm and his company was signed for accelerating the supply of homes and reducing home prices. 
Noting that both sides will participate in financing the project using domestically-produced construction materials, Khataei said, “The project would create at least one million jobs and energize factories engaged in the construction industry. These residential units will be offered to people belonging to low-income deciles without requiring any advance payment. These units will be granted in the form of Qarzol-Hassaneh [interest-free credits].”