China to Construct Shipbuilding Yard in Qeshm

Thursday, September 22, 2005
China has expressed its strong interest in having a widespread presence in investment projects in Iran, of which, a shipbuilding complex contract in Qeshm Free Trade Zone (QFTZ) will soon reach the final agreement, a member of ICCIM?s (Iran's Chamber of Commerce, Industries and Mines) Board of Directors Daneshmand announced on Wednesday. The Chinese, in general, follow the policy of investing in an economic climate of cheap energy and skilled workforce in mineral and mining sectors of countries like Iran. The construction of this multibillion dollar complex in addition to existing Sadra and Persian Gulf shipbuilding companies would offer Iran the opportunity to import modern technology at almost no cost, he concluded. Source MEHRNEWS.COM

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