IFP Exclusive

IRGC’s Construction Base Ready to Work with Foreign Investors

The commander of Khatam al-Anbia Construction Base says the IRGC-affiliated conglomerate is prepared to work with foreign investors who are willing to fund Iranian construction projects.

General Ebadollah Abdollahi made the remarks on Tuesday, highlighting the great capacities available in Iran for foreign investment.

Speaking to reporters on the sidelines of a meeting on “Resistance Economy”, he further noted that a mega project to supply water to the western parts of the country will be operational by the end of the current Iranian year (March 20, 2019).

“The country’s biggest water project named ‘Runoff Waters of the West’ will come on stream by the year end,” he added.

The project has been conducted in an area with a length of 1460 kilometres, covering 17 dams, 150 km of tunnels and 700 km of transmission lines, he stated, as reported by Tasnim.

The Khatam al-Anbia Construction Base has already completed other large water supply projects, the commander said, adding that from a total of 45 billion cubic metres of reservoirs built in the country, 25 billion cubic meters have been built by the construction base.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

IRGC deputy commander vows strong response to Israel

The Deputy Commander of the Islamic Revolution Guard Corps (IRGC), Brigadier General Ali Fadavi, declared…

7 minutes ago

UN Security Council condemns Israeli attacks on UNIFIL

The United Nations Security Council (UNSC) has condemned recent Israeli attacks on the UN peacekeeping…

1 hour ago

Trump, Biden discuss Ukraine, Middle East in White House

US President-elect Donald Trump said he discussed the wars in Ukraine and the Middle East…

2 hours ago

Iran’s oil output drops slightly in October: Report

Iran’s oil output fell slightly in October, according to figures by The Organization of the…

2 hours ago

Lebanon bombing victims’ Iran judgment overturned by US appeals court

A US appeals court has thrown out a $1.68 billion judgment against Iran's central bank…

3 hours ago

Iran minister slightly injured in road accident

A car carrying Iran’s minister of industry, mine and trade was involved in an accident…

3 hours ago