The largest shipbuilding facility in the Middle East is to be constructed in Turkey and is expected to go on stream within five years.
“The cost of the project, which is to be built on an 85,000 square-meter shipyard, is estimated at $390 million. The facility is expected to employ some 10,000 people upon completion,” IRNA quoted Iran's economic attaché in Turkey, Mohammad Kazem Maleki, as saying.
A team of Turkish officials had previously met and discussed the giant project with a group of Japanese experts, who, according to Maleki, view Turkey as a suitable venue for the establishment of such a facility in terms of its ready access to the Middle Eastern, Asian, European and African markets.
Based on statistics issued by the Turkish authorities, the country succeeded in attracting $20 billion in foreign investment in 2006.
“The cost of the project, which is to be built on an 85,000 square-meter shipyard, is estimated at $390 million. The facility is expected to employ some 10,000 people upon completion,” IRNA quoted Iran's economic attaché in Turkey, Mohammad Kazem Maleki, as saying.
A team of Turkish officials had previously met and discussed the giant project with a group of Japanese experts, who, according to Maleki, view Turkey as a suitable venue for the establishment of such a facility in terms of its ready access to the Middle Eastern, Asian, European and African markets.
Based on statistics issued by the Turkish authorities, the country succeeded in attracting $20 billion in foreign investment in 2006.