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ruben.maritime

The first web2.0 spanish blog about Maritime Affairs. El primer blog web2.0 español sobre el sector marítimo.

Iran to fund shipbuilding expansion

 TEHRAN 16 October – Iranian politicians are pushing for an investment fund to promote the country's shipbuilding industry. According to reported details, about fifty members of the Iranian Majlis (parliament) have agreed to table the Maritime Industry Development bill on priority basis to get it passed by the parliament without further delay. The bill calls for the creation of a High Maritime Industry Council and investment of IR400Bn ($43M) in Iranian investment fund to boost the local shipyards. It is said once the bill is passed, potential ship customers would be able to get 90% of the required credits for purchasing ships made in Iran. Moreover, those ships which meet international standards would be exempt from value added tax for 10 years; there would also be subsidised repair and maintenance facilities available.

Via Fairplay.co.uk

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