TEHRAN (MNA) – Deputy industry minister said a quarter shipbuilding company will be formed by the end of January in partnership with IDRO, IRISL, NITC as well as South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) shipbuilding company.
Managing Director of Industrial Development & Renovation Organization of Iran (IDRO) Mansour Moazemi made the remarks while addressing a seminar for introducing achievements in shipbuilding design and engineering.
He pointed to the need for 37 billion dollars of investment for construction of required vessels in the country by the year 2025.
Moazemi recalled that 19 Memoranda of Understanding (MoUs) have been signed following implementation of the Joint Comprehensive Plan of Action (JCPOA) asserting that seven or eight of the agreements will turn into contracts within months while IDRO’ share in all of them stands lower than 49 per cent.