Iranian Foundation Auctioned Off $259 Billion Worth of Real Estate

Iran's Mostazafan Foundation auctioned off 340 real estate properties in the second half of the last Persian year ending in March at a total base price of 14 trillion tomans ($260 billion), new research shows.

The amount is equivalent to the entire budget of the Ministry of Communications and its affiliated organizations, seven times the budget of the Environment Organization, 80 percent of the Welfare Organization's budget.