Free economic zone to be established in Yeghipatrush 

ArmInfo. On May 8, the Government of Armenia approved the establishment of the free economic zone (FEZ)  in the Yegipatrush settlement  in the Aragatsotn region.

As stated in the explanatory note to the document, LLC  has submitted an application to establish a free economic zone in the  Yegipatrush settlement of the Aparan community in the Aragatsotn  region as a private initiative. Recognizing LLC as the  Organizer of this zone, and based on the conclusion of the evaluation  commission, the free economic zone was created by the decree  of the Government of the Republic of Armenia dated August 15, 2024.

The organizer is making large-scale investments in the relevant  infrastructure  of the FEZ, focusing primarily on the development of  the cable car and ski slopes. Major capital investments are directed  towards  constructing the cable car, ski slopes, artificial snow  system, ice rink, hotels, restaurants, other entertainment  facilities, as well as the internal communications and infrastructure  of the FEZ. Infrastructure investments  have been implemented and are  continuing,> the document says.  It is noted that the decision sets  the start date of the FEZ at one year.