Daewoo to build shipyard in Iran

South Korea's Daewoo Shipbuilding & Marine Engineering has signed a deal with Iran for the construction of a new shipyard in the country.

Photo: Thorbjørn Hansen

Since sanctions against Iran were lifted, the country has been busy rebuilding the infrastructure of its oil industry.

Iran is now taking a step further with a new shipyard to be developed in cooperation with South Korea's Daewoo Shipbuilding & Marine Engineering.

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