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FinancialNews


  • 04-04-18

    Growth seen in Iran's industrial, housing sectors

    (MENAFN) Iran's Parliament Research Center (IPRC) said in a report that domestic industrial sector has expectedly witnessed a 4.1% growth in the previous calendar year 1396 (ended March 20,) as reported by Tasnim news agency.

    Based on the previous data published by IPRC, the index reached 3.8% for industrial growth in the fourth quarter of 1396 (December 22, 2017-March 20, 2018).

    Meanwhile in the housing sector, the Ministry of Roads & Urban Development expects the boom in the real estate market to continue in the new Iranian calendar year of 1397 (started on March 21), IRNA reported on Tuesday.

    Ali Chegini, managing director of the ministry's Planning and Economy Office, house prices as well as the number of deals started rising since last year's H2 and requests for construction licenses and investments in construction also began to grow.

    "The market is expected to follow last year's upward trend in the current year as well," the official said.



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