Italian Investor Eyes Restoration Projects
An Italian investor is considering investing in restoration projects and repurposing them for tourism purposes, the head of the Revitalization and Utilization Fund for Historical Places said. As reported on the fund's website, Claudio Bassi, an Italian entrepreneur and founder of IRITALY that finances development projects, said in a meeting with Iranian cultural heritage officials earlier this week that IRITALY is ready to fund projects that restore historical sites. "We want to work with Iranian partners to restore historical sites and manage them according to the highest global standards," Bassi said. Mohammad Reza Pouyandeh, the head of the fund, said 60 restoration projects have been offered to as many foreign investors in the last Iranian year (March 2015-16). "Work is underway on 26 of those projects," he added. Pouyandeh noted that the fund is ready to assist Bassi, as long as he is serious.