Iran: $16b Urban Renewal Agreement Expected to Create 300k Jobs

A trilateral agreement based on the government's urban renewal initiative is expected to create 300,000 direct and indirect jobs.
The agreement was signed in Tehran on Saturday between the Ministry of Roads and Urban Development, the Plan and Budget Organization and the National Development Fund of Iran, according to the ministry's news website.
The ceremony was attended by outgoing Roads Minister Abbas Akhoundi, PBO chief, Mohammad Baqer Nobakht, the head of NDFI's board of trustees, Morteza Shahidzadeh, and President Hassan Rouhani's economic advisor, Mohammad Nahavandian.