Iran has great potential to emerge as a major player in the global construction market thanks to its natural resources, In order to accomplish this goal, there is a great need for the expansion and modernization of the sector. In addition to new technologies, Iran plans to benefit from the practical methods in undergoing projects to reduce the cost and achieve higher customer satisfaction. The long-term objectives include cooperation in public housing projects, expert research and training, production of construction materials and utilization of the latest technology. Using new equipment will speed up project completion thus allowing operations on a larger portion of the construction market.
Abundant in natural resources with a diversified economy, broad industrial base and young educated population, Iran is leading the way in the region’s infrastructure and construction, expecting growth over the next few years. Through its privatization programs, the government is now capable of further developing this sector in line with the 2025 Fifth Development Plan and Vision. In the coming years, the basis of the national program will be developing the country’s .infrastructure to ensure sustainable growth.
Ministry of Transportation assigned more than 12 projects with more than 3 billion USD in last 20 years. According to the plans of Ministry of Roads & Urban Development, the Country`s 1st level Road Corridor includes 16,000 expressways & 4-lane highways. According to the plans of 2025, 700 Km of Expressways & 1,400 Km of 4-Lane highways should be constructed annually. The cost of construction of 1 Km of 3-lane Expressway & 1 Km of 4-lane Highway in Iran is respectively about 3 million USD & about 1.5 million USD, So the required capital in this sector is yearly over 4 billion USD.
In 2016, ministry of Transportation announced 8 Expressways projects with the value of about 4.5 billion Euro, more than 7.5 billion Euro is predicted for 13 railway projects, 3.75 billion Euro for 13 Airport projects, 5 billion Euro for purchasing Locomotives and wagons and 500 Million Euro in subway systems. Meanwhile, more than 5.4 billion Euro for urban superstructure projects is described by government.
FAR Law Firm