Tehran – Iran’s Revitalization Fund for Historic and Cultural Places has announced the launch of a major public auction aimed at investors to restore, preserve and productively use 41 historic sites in 16 states across the country.
The initiative is part of a broader strategy to actively protect the country’s architectural heritage while promoting economic opportunities and job creation in various regions, organizers said.
Selected buildings, including a wide range of historic homes, caravan seras, traditional baths (hammam), gardens, cafes and even cinemas, will be provided to investors through contractual agreements. These agreements grant you the right to repair, activate, and time-bound utilization of the property.
According to the fund, the process is structured to ensure both the protection of cultural heritage and the revitalization of economic potential in various parts of the country. Investors will not only contribute to the preservation of Iran’s rich architectural heritage, but also benefit from running a historically important site as a venue for tourism and hospitality.
Formally known as a fund for the revitalization and use of handicrafts, hand-woven carpets, and historical and cultural sites, the Revitalization Fund plays an important role in transforming unused, government-owned heritage structures into the vibrant centre of cultural and economic activity.
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