EghtesadOnline: Tehran Construction Engineering Organization (TCEO) signed a memorandum of understanding with Iran Fuel Conservation Company (IFCO), a subsidiary of the National Iranian Oil Company, to formulate strategies to optimize energy consumption in buildings.

EghtesadOnline: Despite the challenges surrounding the drop in global oil prices and the Iranian government experiencing problems in financial cash flow due to years of sanctions, Iran’s construction market is expected to continue a relatively steady growth at a compound annual growth rate (CAGR) of 6.1% from 2016 to 2020.

EghtesadOnline: Minister of Roads and Urban Development Abbas Akhoundi has signed an agreement for implementing a cooperation program with Moscow in housing and construction sectors.

EghtesadOnline: The Ministry of Roads and Urban Development is devising an overarching plan to improve the quality of buildings and residential units nationwide, a senior official with the ministry announced.