Construction Materials Industry
The construction industry has continuously had a series of revolutions throughout history.
Technological advancements have influenced the sector, toofrom durable concrete in ancient structures to smart windows that automatically open and close based on light exposure.
The construction industry has always been significant to the Iranian economy. The industry suffered a lot after the US withdrew from the 2015 deal four years ago and reimposed sanctions against Iran.
These measures choked construction materials imports. As a result, the steady flow of things like metals to Iran was seriously hampered and eventually halted altogether. But despite the bans, this industry continues to grow and is also one of the few that exports services to other countries.
Based on the Association of Iranian Exports of Technical and Engineering Services, Iran currently has the potential to export engineering services worth $40 billion annually.
According to the Ministry of Industry, Mining and Trade, Iran is self-sufficient in construction material production. Steel, glass, and cement are abundantly produced in the country. Moreover, the surplus of these items is exported to countries worldwide.
As a whole, the government views the construction sector as a feasible alternative for generating foreign revenues and diversifying the countrys economy away from oil profits.
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