TEHRAN (FNA)- Turkish Minister of Public Works and Housing Mustafa Demir announced on Monday that the country's construction companies plan to build 20,000 housing units in different parts of Iran.
"The Turkish companies have started their activity recently to build about 20,000 residential units in Iran," Demir told FNA. Noting that there are abundant potentials and capacities for investment in Iran's housing sector, he reiterated that the long, mid and short-term planning for the expansion of the two countries' relations and cooperation in house construction will certainly be fruitful for both nations. Demir also announced that the Turkish Ministry of Public Works and Housing and Iranian Ministry of Housing and Development are due to endorse a Memorandum of Understanding (MoU) in the near future to expand bilateral relations between the two countries. Iran and Turkey have in recent years boosted their cooperation in different fields of economy, security, trade, education and culture. Also, Iranian Labor Minister Abdolreza Sheikholeslami in a meeting with Demir on Saturday proposed establishment of joint investment companies by Tehran and Ankara. "Establishing joint companies which would run activities in the two countries or in the third countries is a good proposal for promoting the level of relations between Iran and Turkey," Sheikholeslami.