Iran Infrastructure Q1 2020
Iran’s construction sector continues to be negatively impacted by the reintroduction of US sanctions. We expect theIranian construction industry to contract by 7.7% and 2.0% y-o-y in 2019 and 2020 respectively. The sector will return to growthfrom 2021, supported by elevated levels of Chinese investment. We expect the role of Chinese financing in the Iranian constructionsector to continue to expand over coming years.
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