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Iran to build 40,000 residential units in Venezuela: deputy minister

TEHRAN, July 12 (Mehr News Agency) - Construction of 10,000 residential units by Iranian contractors in Venezuela is underway and they are expected to take delivery of 30,000 more should the delegates of both countries come up with an agreement, Iran's deputy minister of housing and urban development announced here on Wednesday.

Manuchehr Khajeh Dalui added the venture is in line with the Venezuelan President Hugo Chavez's desire to have Iranian companies involved in his country's construction projects.

Moreover, a joint investment in a 150,000 unit construction project is under study by both sides, revealed the deputy minister, adding the Venezuelan firms are welcome to take part in Iran's housing projects as well.

... Payvand News - 7/13/06 ... --

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