According to Erika Masako Welch from management consultancy Solidiance, Iran has the key ingredients to become a major player in the global construction market. Iran’s total construction market is forecasted to be USD 154 billion by the end of 2016, and expected to reach USD 196 billion by 2020 at a CAGR of 6.1%. The lifting of the sanctions in January has improved investor and consumer confidence, as many are optimistic that additional funds will pour into construction projects. With infrastructure playing a critical role in Iran’s plans to attract foreign direct investment into the country, the government has prioritized infrastructure development in its strategic plans.
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