China to Set Up Hypermarket in Tehran

Beijing Construction Engineering Group will establish a “construction and building materials hypermarket” in the east of Tehran in three years based on a memorandum of understanding it signed with Iran’s Civil Servants Pension Organization on Tuesday. The $250-million project will be carried out by BCEG, one of China’s biggest construction and engineering firms, which has built landmark structures in Beijing and beyond, ILNA quoted the managing director of Iran’s CSPO, Mahmoud Eslamian, as saying.