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BMI View: Iran's construction sector is poised for robust growth in the wake of sanctions removal, both
throughout 2016 and over the first half of our forecast period, driven primarily by an influx of international
investment and a post-sanctions financial windfall. We expect transport and energy in particular to attract
the lion's share of investment, reflecting the high levels of structural demand in sectors long plagued by
Latest Updates And Structural Trends
? We have raised our 2016 growth forecast for Iran's construction sector, from 4.5% to 7.9%. This growth
pattern will persist over the entirety of our forecast period, and we expect Iran's construction sector to
comprise a steadily growing share of the country's overall GDP, from 10% today to over 12% by 2025.
? Our optimistic growth outlook for Iran's power and transport subsectors is driven by a raft of high value
investment pledges. Foremost among these is Turkish firm UNIT International's USD4.2bn deal signed
on June 1 with the Iranian energy ministry to build seven natural gas-fired power plants in Iran. In the
transport space, Italy's state-owned highway management firm Anas signed a deal with the Iranian
Ministry of Roads to build and manage a 1,200km road in the country. The EUR3.6bn (USD4bn) project
involves bulding a road connecting the port of Bandar Imam Khomeini to Bazargah.
? Reflecting the lifting of sanctions in January 2016, Iran's Project Risk Index score on the cost subsection
of the Finance pillar, which quantifies a country's access to development funding, registered a dramatic
improvement, jumping from a previous score of 5 to a current score of 50.