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

History

Iranian ship building market and industry

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. 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. The Ministry of Commerce has confirmed that Iran is able to build all its needed sea fleets inside the country.

Ships built by SADRA