Iran’s activities in offshore fields is of major importance, Annan said Monday while visiting Iran Shipbuilding and Offshore Industries Complex (ISOICO), Bandar Abbas on the Persian guld coast. He pointed to ISOICO as an important cooperation capacity between Iran and Denmark.

He also referred to Iran’s sustainable security as one of the most important reasons why Danish investors are interested in investing in the country. Danish envoy aid that trade exchanges between Iran and Denmark had 55% growth last year.

Iran Shipbuilding and Offshore Industries Complex Co (ISOICO) is an Iranian ship yard, located in the Persian Gulf, Strait of Hormuz active as shipbuilder and ship-repairer of different types of vessels and offshore structures.

ISOICO is a subsidiary of Industrial Development and Renovation Organization of Iran (IDRO).