Iran, a country of 77.8 million inhabitants, is according to many international experts and prominent economists, the next major construction market in the Middle East region. Iran has a strong potential to emerge as a major player in the global construction market as it has one of the world´s largest oil and natural gas reserves.
Iran's GDP hit an all-time high of US$ 528.43 billion in 2011, and is estimated to stand at US$ 405 billion in 2014, up 10% compared to 2013. The country's annual demographic growth is at 1.22%, where over 10% of the population lives in the capital Tehran. Iran's construction sector is seeing a steady annual growth of 4.2% which is expected to double in coming years, especially in 2016 where the sector is projected to reach a market size of US$ 154.4 billion.
475 Construction Tenders Worth US$ 88.3 billion Awarded During 2014
Decades of economic sanctions and embargo on Iran are very likely to be lifted by year end, opening widespread opportunities for international investors
, developers, and manufacturers of the full range of building material, equipment, and cutting-edge construction technologies which the Iranian market urgently needs.
IFP Group, with its leading expertise in organizing the Middle East region's most prominent construction trade fairs since 1988, is managing the international marketing and sales of PROJECT IRAN 2015, which will be held at the Tehran Permanent Fairground from 8-11 June 2015. Project Iran 2015 (www.project-iran.com
), the first full-scaled construction exhibition is anticipated to spread over a total space of 15,000 SQM and is expected to welcome more than 15 international Pavilions as well as exhibitors from across the Globe.
• USD 143 billion: needs to be allocated in the next 10 years for restoration of 14,000 meters of critically decaying buildings
• Severe shortage of housing stock: demand stands at around 1.5 million housing units per year, only around 700,000 units are completed each year
• Iran needs to generate more than 5,000 megawatts of electricity from renewable energy sources by 2015
• Zahedan, the largest and the first photovoltaic power plant in Iran and the Middle East with 20 megawatts power will be built soon
• USD 23 billion: needed for the completion of Gorgan-Inche Boroun railway
• Upcoming Projects: 745 kilometers of freeways, 5,626 kilometers of highways, 2,970 kilometers of main roads
• USD 2.5 billion: for building two additional transit terminals at the Imam Khomeini International Airport
DO NOT miss this unique opportunity that allows you to meet face to face with decision makers, architects and engineers, importers and distributors, project owners and real estate developers from the entire region.