NDFI to Help Promote Tourism Industry

A memorandum of understanding was signed Sunday between the Ministry of Cultural Heritage, Handicrafts and Tourism and the National Development Fund of Iran, the sovereign wealth fund, to revive the struggling tourism industry. 
The document was signed by Mehdi Ghazanfari, the managing director of NDFI and Ezatollah Zaraghami, the minister the NDFI’s public relations website reported.   
It was agreed that the fund will deposit 20 trillion rials ($75 million) with commercial banks to be lent for tourism promotion.