Iranian private sector urges to build 100,000 houses in Iraq
Azerbaijan, Baku, Feb. 21/ Trend F.Milad/
Iraqi Minister of Construction and Housing Muhammed Al Darraji has invited the Iranian private sector to build up to 100,000 houses in his country, Fars news agency reported.
Al Darraji met with Iranian Roads and Urban Development Minister Ali Nikzad in Tehran on Tuesday, calling for the fast implementation of previously signed agreements in the field of housing.
On January 26, Nikzad inked a memorandum of understanding with Iraqi Transport Minister Hadi al-Amiri in Tehran to give a boost to their cooperation in the transport sector.
The MOU also envisaged exchanging technical and engineering services by the two sides.
Nikzad said that the bilateral trade between Iran and Iraq stands at around $7 billion annually, while potentials of the two sides ensure the opportunity to enhance relations in different sectors.
Iran's First Vice-President Mohammad-Reza Rahimi said on July 7, 2011 that Iran and Iraq have agreed to increase the value of their bilateral trade to $20 billion in the near future.