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Iran, Singapore to expand cooperation in developing ports

Staff writer |
A high-ranking official from Singapore announced this country's readiness to participate in Iran's ports construction and development projects.

Iranian ambassador to Singapore Javad Ansari in a meeting with head of Singapore port development sector Vun Chi Fung investigated the two countries' cooperation in making and developing ports.

Fung invited Iran's Minister of Cooperatives, Labour, and Social Welfare Ali Rabiei to visit port installations in Singapore. Rabiei, heading a high-ranking commercial delegation, is to take a trip to Singapore on Wednesday.

Fung said that many parts of the south of Iran especially northern coasts of Sea of Oman are capable of building ports.

On the importance of making ports, Ansari said that over 80% of Iran's exports and imports are carried out via sea.

Iran and Singapore have recently inked a $450 million-agreement to finance offshore installations and other marine projects.

In the wake of signing the agreement, both sides called for making platform supply vessels, offshore cranes, chemicals tankers and vessels carrying aluminum and fiberglass.

Singapore port is among three big ports in the world which plays major role in developing this country.

Based on statistics, about 60 big vessels dock every day in Singapore port and 91,000 containers are moved around per day.

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