DukeofBread
GA Member
- Nov 2, 2024
- 146
| TYPE | Infrastructure |
| BUILDER | Iran |
| CLIENT | Iran |
| SITE LOCATION | Iran |
| SECTOR | Public Infrastructure |
| PROJECT NAME | Royal and Goverment Housing Initiative [RGHI] |
| PROJECT COST | 2,000,000,000.00 |
| COMPLETION DATE | 24/12/2025 |
| PROJECT INFORMATION | The Iranian Royal House has announced a major USD 2 billion investment in the construction of affordable housing. The project targets the country’s three largest cities—Tehran, Shiraz, and Isfahan—with 40% of funds allocated to Tehran and 30% each to Shiraz and Isfahan. The initiative combines direct investments and interest-free loans to construction companies to stimulate the housing sector, create jobs, and provide low-cost housing for urban populations struggling with high rents and unemployment. The project is part of a broader effort to boost the domestic economy during the ongoing global and national economic downturn. |
