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SADRA also known as "Iran Marine Industrial Company" was founded in 1968 as a small ship repair yard in Bushehr. Since then, SADRA has established itself as the leading shipbuilding and shiprepairing company in Iran.[1] SADRA is also active in offshore oil & gas development.[2] SADRA specializes in building ships, docks and floating oil rigs.[3] Sadra Group is a sister company of Iran's state-owned Iran Shipbuilding and Offshores Industries Complex Co. (ISOICO).[4] As of April 2009, the IRGC-controlled construction conglomerate, Khatam al-Anbia owns a controlling stake in SADRA.[5]


  • In 2005, SADRA won a 100 million euro contract to build four cargo ships for German company Rickmers.[4]
  • In 2006 SADRA group won a $2.4 billion contract to build 10 LNG carriers for the Belgian shipping group EXMAR.[2]
  • In 2009 SADRA begun manufacturing four 113,000-metric-ton Aframax oil tankers for Venezuela.[6][7]
  • In 2009 SADRA launched a domestically-built semi-floatable drilling rig for the Caspian Sea. The semi-submersible rig called 'Iran-Alborz' is the largest in the Middle East. The semi-floatable platform is able to operate at water depths up to 1,030 meters and can drill down to 6,000 meters under the seabed.[8] Iran-Alborz is operated by Iran North Drilling Co.[9]
  • Since 2010, SADRA has been involved in the development of South Pars phases 13 & 14.[10]

Iranian ship building market and industry[edit]

Over the next two decades, Iran would need 500 new ships, including 120 oil tankers, 40 liquefied natural gas (LNG) carriers and over 300 commercial vessels.[11] In 2009, in a move aimed at further enhancing Iran's shipbuilding industry, President Mahmoud Ahmadinejad said he will ban the purchase of foreign ships by Iranian organizations.[12] The Ministry of Commerce has confirmed that Iran is able to build all its needed sea fleets inside the country.[13]


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