Kish Free Zone Organization
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Refrigeration Chamber

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Refrigeration Chamber

1.Project title: A -3000ton, Walk-in, Sub-zero, Refrigeration Chamber

2. Location:

3. The Project:
• Construction of a 3000-ton, walk-in, sub-zero, refrigeration chamber to preserve frozenfish to be marketed in different seasons. It is alloted a 6000-M2 land of which 3000 M2will be assigned to constructing buildings. An ammonia refrigeration system will power thechamber. The chamber comprises 6 compartments-340 M2- and a 200-M2 preparationunit. There will be a 50,000-ton weighing scale.
• It creates 23 jobs and its annual capacity is 3,000 tons.
4.Area: Section: Services Sub-section: Food Frozen
5. Products/Services: Fish Refrigeration Chamber
6.Annual Capacity: 3,000 tons
7.The required land: 6000 M2
8. Ownership: The land is owned by Kish Free Zone Organization which can besold to Iranians and rented to aliens. As purchasing property ties up a substantialamount of start-up capital, the property will be rented and it can be bought of theinvestor’s volition.
9. Legal permits:
As per article 11 laws on Administration of Free and Special Economic Zones, issuingpermits for legal economic activities of any kind in the region lies with the respective zoneorganization. Meanwhile, such project needs obtaining other permits from competentbodies and organs:The required inquiries for the permits will be made through Kish FreeZone Organization and the investor only follows up the process.
10. Construction and operation Time table: Construction: 1 Year and Using: 15 years
11. Access to infrastructures

NORequired infrastructureDistance to project site
1WaterOn Project Site
2Power On Project Site
3Tele-communicationOn Project Site
4Main RoadOn Project Site
5Airport4 Kms
6Train Station380 Kms
7Port
2 Kms

A short list of financial and economic Indexes
12. The project's expenses and incomes

Fixed Capital( Billion IRRs)47
Annual Operating Income (Billion IRRs)-Maximum Capacity27
Annual Operating Expenses (Billion IRRs)-Maximum Capacity
9

13. Project's Financial Indexes

Annual Operating Profit (Billion IRRs)-Maximum Capacity18
Benefit-cost ratio
1.42
Payback Period (years)
2.8

14. Project's economic Indexes

Net Present Value (Billion IRRs)
31
Internal Rate of Return
37%
Break-even point
21%

15. Target Markets:
• Fishing has a long tradition in Kish island. Unfortunately, however, as there is a lackof infrastructural installations such as refrigeration chamber, a lot of fish caught perish.Therefore, a sub-zero refrigeration chamber can alleviate the condition and while stoppingfish being perished it can be a highly lucrative business for investors. Currently, 3.000 tonsof fish is being caught annually that its average value is 3,000 billion IRRs. This is while 20percent of this perishes and that is because of lack of preservation facilities. The value ofthe amount perished is more than 600 billion IRRs that can be saved through adequaterefrigeration and being marketed in different seasons through the year.

16 - Investment methods
A: Partnership* B: contracting* C: Absolute purchase of land* D:Rent *land