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The Korea Herald
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THE INVESTOR
March 28, 2024

Industrials

DSME to assist shipyard development in Iran

  • PUBLISHED :December 29, 2016 - 17:36
  • UPDATED :December 29, 2016 - 17:37
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[THE INVESTOR] Daewoo Shipbuilding & Marine Engineering announced on Dec. 29 that it has signed an agreement with an Iranian state-run agency to cooperate in the development of a shipyard there.

Under the deal with the Industrial Development and Renovation Organization of Iran, DSME will cooperate to develop a shipyard and related facilities in the Middle Eastern country.

According to the South Korean shipyard, the Iranian side wants financing from the South Korean government, and shipbuilding-related technology and operation know-how from DSME.

DSME said the deal will help it make inroads into Iran’s shipbuilding market, and export related equipment.

(theinvestor@heraldcorp.com)

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