Iranian firms and companies active in the construction industry are staging their achievements, capabilities, and products at the 14th edition of International Build Asia Exhibition on building materials and construction machinery underway in the Pakistani port city of Kerachi.
Iranian firms and companies are showcasing building material and tools, including cooling and heating systems, fireproof and waterproof building products, door knobs, construction machinery, concreting instruments, and firebricks, said Iran’s Commercial Attaché to Pakistan Mahmoud Haji Yousefipour.
Around 250 delegates from 20 countries, including USA, UK, Iran, Italy, China, Germany, Taiwan, Japan, Thailand, Turkey, Oman and UAE are attending the event.
The official said Build Asia is a good opportunity to provide a networking platform for Iranian engineers, contractors, builders and consultants to strengthen their foothold in the neighboring country’s construction industry.
Iran and Pakistan enjoy longstanding economic and political relations.
The trade volume between the two countries exceeded $1 billion during the eight months to November 22. Iran exported $860 million worth of non-oil goods to Pakistan in the period, registering a %58 hike in comparison with the $539 million exports in the similar time span of the past year.
According to Haji Yousefipour, the Islamic Republic’s trade balance with Pakistan currently stands at $665 million.
Tiles, ceramics, cement, mineral fuels, distillation products, fruits, nuts, organic chemicals, plastics, iron and steel, soaps, lubricants, waxes, and candles are among the goods Iran sends to Pakistan.
Iran is one of the most advanced countries of the region in the field of indigenous construction industry, having successfully built tens of dams and infrastructures with no help from foreign companies and firms.
In a related front, last Tuesday, Chairman of the National Investment Commission of Iraq Sami Al-Araji said that Iraq is after attracting more Iranian firms willing to invest in the war-torn country, calling for Iranian firms to invest in the neighboring country.