Archive | Construction

Turkish Firm Signs $4.2bn Iran Power Plant Deal

A major Turkish energy company has finalized a $4.2-billion deal with Iran’s Energy Ministry to set up seven natural gas power plants in the Islamic Republic. Turkish energy company Unit International said in a statement on Saturday that it has inked an agreement with Iran to build seven power stations with about a combined installed […]

Steigenberger Group to Build 10 Hotels in Iran

By John Lee. Germany’s Steigenberger Hotel Group is set to build 10 hotels across Iran over the next ten years. The CEO of Steigenberger Hotels, Puneet Chhatwal (pictured), signed the agreement with the deputy director of Iran’s Cultural Heritage, Tourism, and Handicrafts Organization (CHTHO), Saeid Shirkavand, during a meeting at Tehran’s Espinas Palace Hotel, according […]

Iran, Turkish Firms to agree $3bn Power Plant Deal

Private Turkish companies are expected to sign a $3 billion investment deal with Tehran to build a 5,000 megawatt power plant in Iran. “In the coming days we will sign an investment deal with Turkish private sector companies for the construction of a 5,000 megawatt power plant in Iran. The size of this deal is […]

IRGC Firm Ready for Caspian Water Transfer Project

Khatam al-Anbia Construction Base, a conglomerate belonging to the Islamic Revolution Guards Corps (IRGC), expressed readiness to embark on a project on channeling water from the Caspian Sea to the central parts of Iran. Speaking to the Tasnim News Agency on Wednesday, commander of the base General Ebadollah Abdollahi said plans for the giant water […]

Full List of MoUs signed between India and Iran

Full list of memoranda of understanding signed during the visit of the Indian Prime Minister to Iran: Title of MoU Description Signatory from Indian side Signatory from Iran side 1. India-Iran Cultural Exchange Programme The objective is to extend the CEP for the period 2016-2019 covering the areas of culture and art; radio, TV, mass […]

Iraq to Remove Ban on Iranian Cement

By John Lee. The secretary of Iran’s Cement Industry Employers Association has said that Iraq has promised to remove its ban on the import of Iranian cement. Fars news agency quotes Abdolreza Sheikhan as saying that following several meetings between Iranian and Iraqi officials, Baghdad promised to give priority to Iranian exports, once general ban […]

India to Invest $500m in Strategic Iranian Port

By John Lee. Indian Prime Minister Narendra Modi has announced that India will invest $500 million to develop the strategically important Chabahar port, close to Iran’s border with Pakistan. From Chabahar, India could access Afghanistan directly, without going through neighbouring Pakistan. “Afghanistan will get an assured, effective and a more friendly route to trade with […]

Credit Line to Support Iran-Japan Water Projects

An Iranian official expressed the hope that a joint credit line between Tehran and Tokyo would contribute to the implementation of joint projects on water management systems. Managing director of Iran’s National Water and Wastewater Engineering Company, Hamidreza Janbaz, said a substantial portion of the joint credit line with Japan is expected to be allocated […]

Turkey to Build 10 Hotels in Iran

A Turkish tourism ministry official said Tehran and Ankara have signed an agreement whereby Turkish investors will be allowed to build at least 10 hotels in Iran following a lasting nuclear deal between the Islamic Republic and six world powers. Under the terms of the agreement signed between the two nations during a recent Turkish […]

Inefficient Financing Blocks Urban Development

An Iranian economist said municipalities should abandon use of inefficient methods of financing in order to avoid urban problems and prepare the ground for more development in metropolitan areas. “Municipalities should leave inefficient methods of financing such as selling density since it is the origin of many urban dilemmas,” Hossein Mohammadpour Zarandi said. Another challenge […]

IRGC Could Replace Koreans in Freeway Project

The CEO of Iran’s Construction and Development of Transportation Infrastructure Company (CDTIC) said the company is ready to sign a deal with the Khatam al-Anbia Construction Base for the construction of Tehran-Shomal Freeway, should the Korean company fail to implement the mega project. Speaking to the Tasnim News Agency, Ali Nourzad said the Tehran-Shomal Freeway […]

Iran’s Cement Exports down by 20%

Iranian cement and clinker exports fell by 20 percent over the past Iranian year (1394), IRNA reports. According to Abdolreza Sheikhan, the secretary of the Association of Cement Industry Entrepreneurs, Iran’s exports of cement and clinker shrank to nearly 15 million tons from 18.5 million tons the previous year. He said that security concerns in […]

Iran to Build Underground Oil Storage

Iran plans to embark on a project in cooperation with a foreign company to build strategic underground reserves to store crude oil, an official announced. The project will be implemented near a Persian Gulf littoral city at a distance of 100 kilometers from the coast, Managing Director of Iranian Oil Terminals Company (IOTC) Pirouz Mousavi […]

Irish Firm eyes Investment in Iran’s Airport Infrastructure

A senior official with Kingspan, an Ireland-based building-materials company, said it is willing to invest in Iran’s airport infrastructure following the removal of sanctions. “Large aircraft orders placed by Iran would require big upgrades in airport infrastructure and that Kingspan had been at the forefront of aviation projects right around the Middle East,” Kingspan’s Chief […]

More New UN Jobs in Iran

By John Lee. The United Nations has advertised new jobs in Iran: Technical Expert, UNICEF Assistant Resettlement Officer, UNHCR International Consultant for GEF Terminal Evaluation, UNDP (Source: UN)

S Korea to Build Dam on Iran’s Main River

A major South Korean water service company has signed a contract with Iran to construct a storage dam on the Karun River, southwest of Iran. K-water, a leading South Korean company with expertise in water resources management, is going to build the Karun-2 dam on Iran’s only navigable river. Feasibility studies on the construction of […]

Iran to Launch Major Refinery Project

The National Iranian Oil Refinery and Distribution Company (NIORDC) and the Iranian Ministry of Petroleum have plans to launch a major refinery project, Persian Gulf Start Refinery, by the end of the current Iranian calendar year which began on March 20. The first phase of the gas condensate refinery is being prepared and will come […]

Iran reports “Huge Rail Purchase” from India

By John Lee. The managing director of the Islamic Republic of Iran Railways (IRIR, RAI), has been quoted as saying that Iran has bought 250,000 tons of rails from India. Mohsen Pour-Seyyed Aqaei said: “Five percent of the funds required for the purchase will be provided by the IRIR … The remaining 95 percent of […]

Iran, Italy to Co-op in Airport Construction

By John Lee. Italy’s Vitali SPA will build a new terminal for Tabriz International Airport in northwestern Iran. ILNA reports that the Iranian Airports Holding Company (IAC) and Vitali signed the agreement for the investment, design and construction of the new airport terminal during the recent Iran-Italy trade meeting in Tehran. The estimated value for […]