14:39
 Thursday, April 22 2021 14:39
Alina Hovhannisyan

Economy Minister boasted of investment projects worth several hundred  million dollars

Economy Minister boasted of investment projects worth several hundred  million dollars

ArmInfo.The Ministry of Economy of Armenia is holding discussions with a number of investors around the programs, with a total cost of several hundred million  dollars.

Minister of Economy of Armenia Vahan Kerobyan told the  journalists about it during the briefing.  He noted that the matter  concerns the representatives of quite various businesses, starting  from IT up to construction. In this context, the minister informed  about the construction project of the historical center "Kumayri" in  Gyumri, one of the investors of which is the former RA Prime Minister  Karen Karapetyan.  In addition, referring to the results of the  meeting of the European Business Association, Kerobyan said that the  head of the Carrefour hyper-supermarket chain intends to invest  several million dollars to open 10 supermarkets in Armenia within 12  months.

At the same time, the minister pointed to a number of large  investment projects in the field of agriculture, in particular those  related to intensive gardens and greenhouses.

Earlier, ArmInfo reported that the implementation of the program to  restore the Kumayri architectural reserve in the historical part of  the city became known during the visit of former Prime Minister of  Armenia Karen Karapetyan to Gyumri in February 2017, accompanied by  foreign investors. It was reported that the amount required for the  restoration of the Kumayri complex is $ 200 million, so a decision  was made to implement the program in stages, which was to begin with  the restoration of Rustaveli and Shiraz streets in Gyumri. Prior to  the start of the project, an appropriate fund was created, and a  manager was appointed.  Karen Karapetyan became the first investor of  the fund, donating 500 thousand dollars.