Hamidreza Esmaili, Deputy Finance and Economic Officer of Shiraz Municipality, stated that urban development has placed the necessity of financing construction projects at the top of the attention of urban managers of the country. The financial resources of municipalities are through the issuance of building permits and the sale of real estate, the capital market can create an important and serious tool for municipalities.
he further added: For example, Investment Banks provide the possibility of providing financial resources for city administrations through new financial tools.
