The Islamic Development Bank (IDB) will invest in the construction projects, said the bank’s representative in Iran. Speaking in a ceremony to sign an agreement between the bank and Hormuzgan Regional Water Company on Saturday, Ali Fallahi said the investment, which amount to $3 billion, will be made in the next three years, IRNA reported.
He noted that based on earlier plans, his bank is to invest $650 million in four basic construction projects in the Islamic Republic of Iran in 2012……………………………………….Full Article: Source