The study finds that establishing three private ship recycling facilities is viable. Strategic coastal locations with port access are available, and there is growing regional demand for safe and environmentally compliant ship dismantling. Initial investment is high, but profitability is achievable within 5–7 years through scrap metal sales and reusable parts. Key success factors include strict adherence to environmental, health, and safety standards, skilled workforce, and regulatory compliance. Risks like environmental hazards and market fluctuations can be mitigated with proper protocols.