Labourers work at the construction site of a building in Tehran, Iran January 20, 2016. REUTERS/Raheb Homavandi/TIMA/File Photo
DUBAI (Reuters) - Long used to lucrative state contracts, Iran's biggest construction company faces leaner times, as overseas firms better able to attract financing push for orders in an economy trying to open to the world after years of sanctions.
The misfortunes of Khatam al Anbia Construction Headquarters (KAA) are an unwelcome novelty for its powerful owners, the Revolutionary Guards, a military unit created by the Islamic Republic's founder Ayatollah Ruhollah Khomeini which also secured an economic foothold after the 1980s Iran-Iraq war.
