Industry Spotlight: Construction
/By Sarah Bryn Witmer, Research Associate
Iran’s construction industry, currently valued at about $154 billion, is central to the country’s economy and promises steady growth. While the construction industry was in decline before international sanctions were lifted, it has made a quick turnaround: output value is expected to rise at a compound annual growth rate of 6.34% through 2020. Investment opportunities are also increasing as the country opens up to more international markets and new infrastructure is needed.
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