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Iran hosts Intl. Construction Industry Show

Yusef Jalali

Press TV, Tehran

From decorative bricks to prefabricated walls, this expo is about the nuts and bolts of the construction sector. The 22nd International Exhibition of Building and Construction Industry brought under one roof more than 900 domestic firms from Iran to showcase their products and services.

The construction industry in Iran has been one of the hardest hit by US sanctions, since 2018 when Washington pulled out of the 2015 deal between Iran and the world powers. The measures restricted the sale of construction materials, such as metal and coal, to Iran.

But despite the bans, businesses here say Iran's construction industry remained one of the few sectors that exports services to other countries. The exhibition was inaugurated by officials from the government.

In his address to the participating businesses, First Vice President, Mohammad Mokhber, promised to help the private sector to find even a stronger foothold in the country's construction sector.

While international firms still fearing US sanctions, the Iranian government plans to expand its export of construction materials at least to its trade partners, such as China and Russia.

The Ministry of Industry, Mine and Trade says it plans to earn some 3 billion dollars out of export of construction material only to Russia. Iran has been shying away from an oil-reliant economy given the ups and downs of the petroleum sector.

Today, Vice President Mokhber referred to the construction industry as a viable alternative for crude revenues, promising to double down on efforts to support domestic firms.

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