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Iran to Build 100,000 Housing Units in Algeria
Economy, Business And Markets

Iran to Build 100,000 Housing Units in Algeria

Based on an agreement signed between Tehran and Algiers, Iranian private sector companies are to build 100,000 housing units in Algeria in the next five years, says secretary-general of International Consultants and Contractors Association of Iran, Siamak Dolatshahi. “The plan is for Iranian contractors to finish 20,000 units every year,” he was quoted as saying by IRNA on Monday. The government is set on increasing the export of engineering services, as part of its broader policy to increase Iran’s non-oil exports. Earlier, the government announced that it had allocated close to $100 million in credit to contractors active in neighboring Iraq.

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