ArmInfo. In 2021, the Armenian National Interests Fund (ANIF) and its subsidiary company Entrepreneur + State Anti-Crisis Investments Fund have implemented a number of large-scale strategic projects. A number of new projects will be launched next year, ANIF reports.
Among the 2021 projects is Ayg-1 - the construction of 200MW photovoltaic power station in Armenia. Armenia`s government and the Masdar company (UAE) reached a relevant agreement this November. The investment project is worth $174mln, the electricity tariff to be $0.0290 without (VAT). Masdar will hold 85% of the shares, with ANIF to hold 15%. The construction is to be completed in two years. One more significant agreement was signed with Air Arabia this July. Under the agreement Armenia is to found a national airline. The result was the foundation of the independent joint airline Fly Arna - (Armenian National Airlines), which is based at the Zvartnots airport. The airline plans to start flights next spring.
ANIF has also implemented an agricultural investment project in cooperation with Yeremyan Projects. Under the project high-quality fodder will be manufactured in an area of 225 hectares. ANIF share in the $2mln worth project is $500,000.
In the health sector, under an ANIF-implemented project, funds were allocated for the construction of a new building for the Clinic of Modern Surgery in Yerevan. ANIF share in the $1.23mln worth project is $60,000.
World-famous Hard Rock Caf‚ will open in Yerevan in the first half of 2022. A franchise agreement was signed by Hard Rock International and the Food Republic company. ANIF share in the $2mln project is $500,000. Hard Rock International will open at 3/1 Pushkin Str.
Among ANIF achievements is also an agreement with Intesa Sanpaolo bank group. The parties will cooperate under projects of mutual interest to Armenian and Italian businesses. The agreement will open up new opportunities to the two economies.
ANIF has also organized a number of workshops for exporters attended by the founders of about 30 leading Armenian companies.
"By participating in the prospective business projects, ANIF is contributing to economic diversification and creating additional values, building domestic and foreign investors` confidence in Armenia as a reliable partner," the report reads.
