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Iran to increase financing of rural development projects

Business Materials 2 July 2021 17:56 (UTC +04:00)

TEHRAN, Iran, July. 2

Trend:

The Deputy Head of Islamic Revolution Housing Foundation of Iran announced that the credit of rural development projects by increased 2.5 times compared to last year.

The Head of Islamic Revolution Housing Foundation of Iran Mohammadreza Shamlou announced the allocation of $1.9 billion for the implementation of rural development projects in the country Trend reports citing IRNA.

Emphasizing the ban on construction in agricultural rural lands, he said that the Housing Foundation does not allow any construction in high-quality agricultural lands.

Over $59 million of bitumen credits are provided for the development projects of East Azerbaijan villages, he said.

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