Iran to help build houses in Venezuela
VENEZUELA: Venezuela has signed a deal with Iran to build over 10,000
homes in three central states of the South American nation in a
billion-dollar investment package that signals the two country's
increasingly close ties.
The two governments signed the agreement on Wednesday, the Venezuelan
Foreign Ministry said in a statement, without detailing how much each
country would contribute to the effort that it said would benefit some
The Venezuelan government in April kicked off a project to build two
million homes over the next seven years, with cooperation agreements
already signed with Russia, Cuba, Brazil, Argentina, China and Belarus.
Venezuela is hoping to alleviate a chronic housing shortfall in a
country with some 28.8 million inhabitants, in 2010 there were just two
million homes, according to government figures.
Caracas and Tehran have solidified ties in recent years that extend
to being political allies and industrial partners, which has garnered
critical attention from the United States.