Industrial Development and Renovation Organization of Iran (IDRO)

Status:
Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation

Info:
IDRO – State-owned enterprise associated with Iran’s Ministry of Industries and Mines; Rostam Qasemi is a board member; IDRO was the client and “indicated recipient” of $1.3 million worth of remote manipulators to be shipped to Iran via the United Arab Emirates;

Controls companies involved in work for Iran’s nuclear and missile programs and is involved in the foreign procurement of related manufacturing technologies, according to the European Union;

Oversees subsidiaries involved in the oil, gas, energy, machinery, metals, and industrial services industries;

Renault will be the majority shareholder of the new joint venture company, formed with Iranian partners IDRO (Industrial Development & Renovation Organization of Iran) and Parto Negin Naseh, an importer of Renault products in Iran;

French multinational rail transport company Alstom signed a deal with the Industrial Development and Renovation Organization of Iran (IDRO) and Iran Khodro Rail Transport Industries Company (IRICO) in Tehran;

Owner of Saipa Corp. and Arvandan Shipbuilding Company is The Industrial Development & Renovation Organization of Iran (IDRO);

Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control on 11/5/2018;

According to reports, through its subsidiaries, IDRO owns shares in Iran Bank Parsian;

Also Known As:
IDRO
Industrial Development & Renovation Organization
IDRO of Iran
IDRO Corporation
Iran Development & Renovation Organization Company
Iran Development and Renovation Organization Company
Sawzemane Gostaresh Va Nowsazi Sanaye Iran
Industrial Development and Renovation Organisation

Involved In:
Nuclear Weapon Program
Missile Weapon program

Established:
1967

Country:
Iran

Address:
Vali Asr Building, Jam e Jam Street, Vali Asr Avenue, Tehran 15815-3377, Iran
78/1, Atefi Street and Africa Avenue, Tehran, Iran
P.O. Box 55958, Arbift Tower 1508, Dubai, United Arab Emirates

Phone:
205-6273
881-6023

E-Mail:
[email protected]

Website:
www.idro.org

Person of interests:
Rostam Qasemi

Subsidiaries:
» Subsidiaries of IDRO

Reason for the color:
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on 11/5/2018;
» Listed by the British government in 2015 as an entity of potential concern for WMD-related procurement, and has had export licenses both granted and denied by that government;
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on August 3, 2010;
» Industrial Development and Renovation Organization of Iran (IDRO) was removed from Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on January 16, 2016;
» Listed by the European Union on July 26, 2010 as an entity linked to Iran’s proliferation-sensitive nuclear activities or Iran’s development of nuclear weapon delivery systems;
» Removed from the E.U. list in January 2016 as part of the Joint Comprehensive Plan of Action;

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