Archive | Construction

Iran to Do Construction Work of New Nuclear Units

The building section of two new units at Iran’s Bushehr nuclear power plant, which Russia is going to construct in ten and a half years, will be carried out by Iran itself, Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi announced. Iran will build the physical part of the new nuclear […]

UK Consultant Strengthens Iranian Footprint

By John Lee. A British specialist consulting firm is expanding its footprint in Iran following a new partnership, according to the Manchester Evening News. Kaabis, which consults across Iran’s oil and gas, aviation and finance sectors and helps UK and EU companies to develop business opportunities across the Middle East, has agreed a partnership with […]

FLSmidth: Iran one of our Most Important Markets

By John Lee. Danish-based engineering company FLSmidth has opened an office in Tehran on Tuesday. Following an opening ceremony hosted by the National Iranian Copper Industries Company (NICICO), Per Mejnert Kristensen (pictured), the President of FLSmidth’s cement division, told Tehran Times: “FLSmidth has a very long time history in Iran. We have been here for […]

Tehran-Isfahan Railway to be Built in 3 Yrs

The managing director of the Iranian Railway Company (RAJA) announced that the country plans to construct an express railway from the capital Tehran to the central city of Isfahan in three years. RAJA should take steps to construct express railways for short routes to encourage people to use rail transportation, Mohsen Pourseyed Aghaei said on […]

Iran Eyes Role in Nicaragua Canal Project

Iranian Foreign Minister Mohammad Javad Zarif expressed the country’s readiness to be involved in a gigantic project on the construction of an inter-ocean canal across Nicaragua, a planned shipping route to connect the Atlantic Ocean with the Pacific Ocean. Speaking to reporters in Nicaragua’s capital of Managua on Tuesday night, Zarif said the Iranian state-run […]

Why Iran’s Property Market is Unlikely to Boom anytime soon

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Signals from the Iranian real estate market suggest that a recovery is on the way, after an almost three-year-long recession. Yet there are contradictory statements being made about the likelihood of a property boom. Indeed, […]

Iranian, Azeri Officials to Discuss Railroad Project

A joint task force between Iran and the Republic of Azerbaijan will convene in Baku to discuss financial partnership to construct a railroad in north of Iran that will be connected to Azerbaijan’s rail network later. According to Iran’s Ambassador to Azerbaijan Mohsen Pakayeen, the task force is going to hold a session in Baku […]

Italy’s ANAS signs $4bn Iran Highway Deal

By John Lee. ANAS, the Italian highway agency, has signed a 3.6-billion-euro ($4-billion) deal with Iran’s Ministry for Transport to build a 1,200-km highway through the country. The project will link the port of Bandar Imam Khomeini on the Persian Gulf to the northern border with Turkey at Bazargan, passing through the city of Tabriz. […]

Tehran, UNCTAD sign Cooperation Agreement

Iran and the United Nations Conference on Trade and Development (UNCTAD) signed a document to promote their cooperation. The cooperation agreement was signed during a ceremony between Iranian Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh and Secretary General of UNCTAD Mukhisa Kituyi in Nairobi, Kenya, on Friday. The Iranian minister also held meetings […]

Ukraine Releases Details of Railroad Deal

Ukraine’s embassy in Tehran published details of a memorandum of understanding (MoU) that Iran and Ukraine have recently signed to boost cooperation in the railroad industry. In a meeting in Kiev on Wednesday, Iranian Deputy Minister of Road and Urban Development Ali Nourzad and Ukraine’s Minister of Infrastructure Volodymyr Omelyan signed an MoU as part […]

BREXIT will Work in Favour of Trade with Iran

By John Lee. The Chief Executive of British Water has reportedly claimed that Brexit will work in favor of trade relations with Iran. In an interview with IRNA on Thursday, Lloyd Martin said: “I suppose in very simple term the UK with the BREXIT referendum vote is bound to start to look more at markets […]

Iran, Azerbaijan to build Rasht-Astra Railway

Iran’s ambassador to Azerbaijan said the two countries are “seriously” resolved to complete the Rasht-Astara railway project and that they will continue talks on a $500-million loan from Baku to finance the project. “Regarding Rasht-Astara railway, both Iran and Azerbaijan are seriously determined to complete (the project),” Mohsen Pak-Ayeen told reporters in Tehran. He added […]

Doosan lands $186m Desalination Deal in Iran

South Korea’s Doosan Heavy Industries & Construction has won an order worth $186 million to build a seawater reverse osmosis desalination (SWRO) plant in Iran. The order was given by Iran’s Sazeh Sazan Company. The plant, called ‘SAKO SWRO‘ will be built at Bandar Abbas, the capital of Hormozgan Province, and is said to be the […]

Iran, India Determined to Develop Chabahar Port

Iranian President Hassan Rouhani and India’s Prime Minister Narendra Damodardas Modi voiced determination to implement the agreements signed between the two countries, particularly a project to develop Iran’s southeastern port city of Chabahar. In a telephone conversation with the Indian premier on Wednesday, President Rouhani said Tehran is prepared to upgrade the level of ties […]

FT: Iran looks to Iraq and even Syria for Trade

The Financial Times reports that Iran finds Iraq to be a big market for its domestically produced goods, including fresh milk, antibiotics and cement. Yahya Ale Eshaq, head of the Iran-Iraq Chamber of Commerce, told the newspaper: “Iraq needs everything, which makes it the best market for Iranian-made goods … “We can work with European […]

Russian Firm to build at Bushehr Nuclear Power Plant

Rusatom Service, part of Russian state nuclear agency Rosatom, announced that it expects to sign a 4-year contract with Tehran on the construction of two more energy blocks at Iran’s southern Bushehr nuclear power plant by the end of this year. “We will sign a new four-year contract at the end of this year,” Rusatom […]

IME resumes Cement Export Trade

Cement offerings for export have reportedly resumed at the Iran Mercantile Exchange (IME). Isfahan Cement Company initiated the offering with 2000 tonnes of cement on Saturday, 1000 tonnes of which were traded on cash payment, according to Cemnet. IRNA also quotes IME head Hamed Soltaninejad as saying: “We intend to expand our export markets for […]

Iran, China to Build Joint Oil Terminal on Qeshm Island

Iran and China have agreed to jointly build an oil terminal on the Persian Gulf island of Qeshm, a report said. The oil terminal will be built on Qeshm Island in southern Iran and is expected to turn it into a major hub for oil production and storage, Sputnik reported. The report added that $550 […]

Iran, Turkey Ink Deal to Build Industrial Park

Iran and Turkey have signed an agreement to construct an industrial park in Iran in a bid to boost mutual cooperation between the two neighboring countries. High-ranking officials from Istanbul Chamber of Industry, Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) and Iran Small Industries and Industrial Parks Organization (ISIPO) signed the trilateral agreement […]

350,000 Houses to be delivered in Mehr Housing Scheme

During the recent cabinet meeting chaired by President Rouhani, the Council of Ministers approved allocating the required credits for preparing infrastructure services for 350,000 housing units in the Mehr Housing Scheme. It was also decided that the units be prepared by the end of the current year in order for them to be delivered to […]