“Cooperation between Iran and Venezuela will be reinforced by construction of 3,456 housing units in Valencia,” the Venezuelan minister said on Tuesday.
He added that the Latin American country is witnessing an unprecedented growth in the housing sector due to its cooperation with Iran.
“The first phase of the project comprising about 1,000 houses that will be ready for delivery by end of 2013,” Molina added.
So far, Iranian companies have built thousands of housing units in Venezuela.