The failure of the "Oil for Housing" plan of the Iranian Minister of Roads and Urban Development

Mehr News Agency reported, citing the vice president of the Tehran Province Mass Producers' Association, that the "Oil for Housing" plan by Rostam Ghasemi, Minister of Roads and Urban Development of the 13th government, had failed.

Iraj Rahbar said on Sunday, July 25, that the issue of foreign companies' presence in housing construction projects has now "faded."

About 10 months ago, Iran's Minister of Roads and Urban Development announced a plan to attract Chinese and Turkish companies to build housing in the country and said that negotiations were underway to repay the capital of foreign companies with the delivery of oil.

However, he recently complained on his Twitter page about the "unfulfilled promise" of the Ministry of Oil to implement the plan.

At the beginning of Ebrahim Raisi's government, Rostam Ghasemi promised to build four million housing units within four years, a promise that the Islamic Republic of Iran's President also emphasized in a television talk show on Saturday that it would be implemented, but he did not explain how much of the government's promise has been fulfilled in the past 10 months of his government's activity.

The vice president of the Tehran Province Bulk Builders Association said in another part of his statement: "If the budget shortage in the construction sector becomes serious, domestic companies can use the issue of oil barter and buy and sell oil in exchange for their investment in construction."

He did not explain how domestic companies are going to use the oil-for-housing mechanism. Over the past decade, the plan to sell oil through private companies has been fraught with corruption.

Source: Radio Farda