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Iran: Defense Ministry Signs €140m Deal to Build 44 Vessels

As per the first phase of the agreement, which is valid for 36 months, four vessels worth €9.5 million are to be built by Marine Industries Organization, affiliated to the Defense Ministry, and delivered to the Ports and Maritime Organization of Iran
Iran: Defense Ministry Signs €140m Deal to Build 44 VesselsIran: Defense Ministry Signs €140m Deal to Build 44 Vessels

A memorandum of understanding for the construction of 44 vessels worth €140 million was signed by Minister of Defense and Armed Forces Logistics Amir Hatami and Roads and Urban Development Minister Mohammad Eslami on Sunday.
In the first phase of the agreement, which is valid for 36 months (until the end of the Iranian year 1400 (March 2022), four vessels worth €9.5 million are to be built by Marine Industries Organization, affiliated to the Defense Ministry, and delivered to the Ports and Maritime Organization of Iran, affiliated to the Roads Ministry, within 15 months from the signing of the MoU, Roads Ministry's news website reported.

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