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News number: 9202247446

15:41 | 2013-06-05

Foriegn Policy

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Minister Lauds Iran's Key Role in Venezuela's Looming Housing Sector

TEHRAN (FNA)- Venezuelan Housing Minister Ricardo Molina said the Latin American country's housing sector is witnessing an eye-catching growth thanks to the mutual cooperation between Tehran and Caracas.



Speaking at a visit to housing construction process in Valencia city on Tuesday, Molina said that due to mutual cooperation between Iran and Venezuela, Venezuela is witnessing an unprecedented growth in the housing sector.

"Cooperation between Iran and Venezuela will be reinforced by construction of 3,456 housing units in Valencia city," he added.

Iran has in recent years expanded friendly ties with Latin America, specially in economic, trade and industrial fields.

Since taking office in 2005, Iranian President Mahmoud Ahmadinejad has expanded Iran's cooperation with many Latin American states, including Venezuela, Bolivia, Ecuador and Cuba.

Iran's strong and rapidly growing ties with Latin America, specially with Venezuela, have raised eyebrows in the US and its western allies since Tehran and Latin nations have forged an alliance against the imperialist and colonialist powers and are striving hard to reinvigorate their relations with the other independent countries which pursue a line of policy independent from the US.