Kish Free Zone Organization

Fish Processing Center


Fish Processing Center

A- Project Introduction

1. Project title: Fish processing center

2. Sector: Services Sub-sector: Fish processing

3. Products / Services: Processing and packing of fishes

4. Location:

Free zone  Special Economic Zone  Industrial Park  Main location

5. Project specifications
This project is concerned about construction of a fish processing and packing complex. For this complex, a fish processing salon with an area of 2000sqm, a fish packing salon with an area of 500sqm and a -50ton bascule are considered
The property required for the project has an area of 4000sqm out of which, 2800sqm is allocated to buildings and the rest to the area and parking lot This project will create jobs for 47 persons and its annual capacity for processing and packing is 2000
tons of fish.
6. Annual Capacity: 2,000 tons of fishes per year
7. Land requirement: 4,000Sq.m
8. Land ownership: The land of this project belongs to the Kish Free Zone Organization that can be leased to investors

9. permissions:
The permissions for any type of authorized economic activities in Kish free zoon are issued only by Kish Free Zone Organization. Meanwhile, if a plan needs to any other license and permits from
other competent authorities, the organization of zone will send the inquiries and the investor is only obliged to follow this subject
10. Construction and operation period:

The construction project will be done in 1 years and the operation phase is 15 years
11. Target market:

Presently, about 3000 tons of different kinds of fish are fished every year in Kish island and they are generally delivered to the market fresh and with no packing Kish Island presently lacks a fish processing center, while considering high amount of fishing in the island and interest of the tourists in buying fresh fish, a center for providing the tourists with well processed and packed products may be so effective in economic flourishing of the island and increase of added value in fisher part of the island
Likewise, since carrying fresh fish with no proper packaging is difficult for the tourists, it makes many of those intending to buy fish change their minds. Quality and processed products will absolutely materialize such potential demand and create a significant economic profit. This created added value is equal to %25 of value of selling unprocessed fish
12. Access to Infrastructures:

Distance to project locationInfrastructure requiredtem
At the siteWater1
At the siteElectricity2
At the siteTelecommunication4
At the siteThe main road5
380kmRailway station8

B- Financial structure:
13. Cost and benefits

USD $ 1.0 millionCapital expenditure
USD $ 1.1 millionOperating Revenue
USD $ 0.5 millionOperating cost

14. Financial index

USD $ 0.6 millionNet benefit
1.5Benefit–cost ratio (B/C()
1.8 YearsPayback Period

15. Economic index

USD $ 1.4 millionNet present value (NPV)
56 %Internal rate of return (IRR)
27 %Break-even point

16. Methods of participation:
For this project, investor may proceed with individual investment by obtaining necessary permits or undergo partnership with Kish Free Zone Organization for carrying out project through various
partnership models.
C- Incentives, features and advantages of the project:

17. Incentives:

• Simplified formalities for re-export and goods transit
• Tax exemption and the benefits of accessing to foreign
• 20year tax exemption for any type of financial business
• Preferential rates of land to build hotels and recreational tourism places.
• Customs duties exemption to imports raw materials and industrial machinery of the production
• No restrictions on entry and existence of the exchange currency on any amount and the possibility
to transfer money to foreign companies.
18. Support and legal advantages:

• Foreign nationals’ entrance with no visa
• Legally protecting and ensuring foreign investors.
• Registering company with 100 percent foreign ownership
• Have the right of entry and exit the capital and the profits
19. Special and unique benefits of the region:

• Having access to the international free waterways
• Having an energy source (gas) independent of the mainland
• The ability to transit goods to neighboring CIS countries and Iran
• High level of security and social peace and low levels of social disorder
• A harbor with the ability of berthing vessels with 12,000 tones capacity.
• Exporting products to foreign countries without paying customs and harbor duties
• International Securities Exchange activity and oil and petrochemical products stock
• Having good optical fiber network and an independent private mobile network privileges
• Having an independent airline and shipping lines with the possibility of transporting vehicles