The businessmen are interested in building greenhouses and develop wine growing, livestock breeding and processing agricultural goods.
"We are here because Crimea really needs to be developed. The climate here is similar to what they have in Tunisia. That's why we would like to grow here the same products we cultivate in Tunisia. We want to create a 500 hectare agro industrial park in Crimea," said Francesco Lo Ludice, a member of the delegation after a meeting with Crimean Deputy Prime Minister Ruslan Balbek.
"Trading with Russia from Crimea is way cheaper because you have neither customs clearance nor logistical hurdles to deal with," Lo Ludice said.
The regional authorities assured the Italian businessmen would get the necessary support to get the best plot of land to start the project.
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"The investors will have direct contact with the top Crimean officials to avoid red tape and feel comfortable," said Balbek.
The Italians plan to visit local wineries and farms during their five-day stay as well as to sign a memorandum of cooperation with the Crimean government.
Comment: Crimea has done well since its reunification with Russia; the economy is thriving and Russian support has enabled it to develop its industries, making it an inviting country for foreign investors.