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Shipping industry development fund planned in Iran

Shipping industry development fund planned in Iran

Tehran:  A fund to support development of Iran's shipping industries will be set up with an initial capital of 400 billion rials, said Head of Board of Directors of Iran's Shipping Engineering Association, hoping that it will remove concerns of companies active in the field. Speaking at a news conference Sunday on the Tenth Shipping Industries Seminar slated for November in Abadan and Khorramshahr, Khuzestan province, Mohammad Saeed Seif also said that the law to develop shipping industries has been announced to the cabinet.
Based on the law, the government will help industries attain due status, he said.
Describing the establishment of High Council of Shipping Engineering Association and Shipping Industries Organization in Defense Ministry as among the other steps to support the industries, he further said that shipping industries play a significant role in the country's economy because imports and exports are handled by seas.
"Iran has a strategic geographical location, rich oil and gas resources and three thousand kilometers of sea borders in its southern and northern shores," he said, adding that these great resources can play a crucial role in raising gross domestic product and can also pave the way for further success in the sectors.
Referring to the nine rounds of seminars on shipping industries in the past years, he also said that the tenth edition will review the problems facing the sector and seek solutions for them.
Some 200 articles have so far been submitted to the secretariat of the event, he said, adding that educational workshops and panel discussions are on the seminar's agenda, Seif concluded. [29/7/08]

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