Mon, 24 Sep 2007 02:41:24

Belgian construction firms have announced readiness to construct 1m housing units in Iran within 5-7 years and will soon submit a proposal.

Managing director of an Iranian construction enterprise told reporters that the mass construction of housing units by Belgium's housing industry in Iran aims to curb soaring house prices, as well as establishing balance between supply and demand.

The proposed houses, expected to have a lifespan twice as those commonly constructed in Iran, could be ensured by European insurance companies for up to 50 years, he added.

Apart from submitting its proposal on housing cooperation to Iran's Ministry of Housing and Urban Development, the Belgian Housing Industry is also intent on entering into talks with the country's private sector, he said.

Meanwhile, a diplomat from the economic section of the Belgian Embassy in Tehran said that his country was seeking long-term cooperation with Iran's economic sector in a variety of fields.

http://www.presstv.ir/Detail.aspx?id=24318&sectionid=351020102

a million houses. that is a lot.