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April 29, 1988 - Image 76

Resource type:
Text
Publication:
The Detroit Jewish News, 1988-04-29

Disclaimer: Computer generated plain text may have errors. Read more about this.

BUSINESS

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• PAINTING
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ROYAL OAK, MI 48067
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ar 14 mile

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Iranian Developer Sets
Sights on Beit She-an

TAMAR LEVY

Special to The Jewish News

BUYING
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RUGS

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at 12 Mile



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Birmingham
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851-0610

FRIDAY APRIL 29 , 1988

,

(-00°

T

he most talked about
person these days in
the Jewish community
in Switzerland is the Irani
carpet vendor Mordechai
Babazadeh, who lives in
Zurich with his wife and
seven children. The man has
announced his intention of
developing the sleepy Israeli
locality of Beit She'an, known
as the place where Housing
Minister David Levy lives.
Babaazdeh intends to build
10 hotels there, 500 villas, a
shopping center, a synagogue,
a playground and parks on
100 acres with an investment
of $100 million.
Aside from this project,
Babazadeh intends to set up
a center for worldwide trade,
a sort of Jewish Wall Street,
in Givat Shmuel. Babazadeh
has a big plot of land there.
"Why should Jewish busi-
nessmen go to Hong Kong or
Tokyo to do business? Better
they come to Israel," he says.
The rug merchant's third
plan is to develop a vacation
resort near Tiberias, some-
thing along the lines of rIbxas
ranch with sheep and cowboys
— only Jewish.
He is partners with his
brother, Avraham Babazadeh,
and in contact with investors
in the United States as well
as Canada.
Babazadeh, 47, maintains
his office in Zurich. He is a
religious man, who speaks
English mingled with words
in Hebrew and German.
His father, M ir z
Babazadeh, was murdered
two years ago by Arab ter-
rorists while praying in Istan-
bul's Neve Shalom
Synagogue. According to the
son, he was an extremely
wealthy man, from one of the
most infuential families in
Iran. The family owned land
and a private bank.
Before his death, he told his
son that he should give up all
his business affairs and con-
centrate on bringing Jews to
Israel.
Mordechai Babazadeh stud-
ied in London and Germany,
where his family settled. He
says that with the advent of
the Khomeini Revolution, he
felt a tragedy was awaiting
the Jews of Iran, and so he
helped Jews get themselves
and their money out of Iran to
Israel.
Babazadeh says he is sorry
the Irani Jews were not
treated well in Israel and that
90 percent of them left. Now

he hopes to bring some back
to settle in Beit She'an.
He predicts terrible
tragedies will happen to Jews
who live abroad and all must
come to Israel to be saved. He
says every Jew must have a
house in Israel and the
government must help those
who have no money by giving
them land.
Babazadeh is trying to in-
terest two big Swiss travel
agencies in building hotels
that would be self-financed
for 20 years by groups of
tourists sent by the agents.
He is aiming at groups from
Japan and West Germany.
He already has signed a
contract with Mayor Shlomo
Ben-Lul of Beit She'an and is
ready to start the develop-
ment project. He is waiting
for permits for the infrastruc-
ture — including water and
electricity.
The synagogue he is
building will carry his
father's name. And he hopes
to name the development
itself Wonder City, Holy Land
to remember the miracle that
happened to him a year ago
near Beit She'an.
Babazadeh was driving
with friends when their car
had a bad accident in which
no one was hurt. He went to
pray in the synagogue in Beit
She'an and then decided to in-
vest there in hopes of creating
an Eilat of the north.

Jewish Telegraphic Agency.

mlimml IN BRIEF

WOMEN IN MANAGE-

a
MENT INSTITUTE will
hold a seminar entitled
"Teaming Up" on Saturday,
May 14, at the Ramada Hotel
in Southfield. Participants
will learn how to identify
signals that suggest it's time
to team up; examine the
benefits of teaming; decide
with whom to team; and con-
tract with other members of
the team. The seminar's
presenters will be Lanny
White and Janice Calnan,
partners in the firm
White-Calnan-White.
Registration will begin at
8:30 a.m. and the seminar
will run from 9 a.m. to noon.
For more information, call
517-482-3455.

THE MICHIGAN GROUP

is holding an "Ask The Ex-
perts Day" at their West
Bloomfield office. On hand
will be representatives from
local school systems,
chambers of commerce, a real
estate attorney, CPA, finan-

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