4 minute read
The prestigious Los Angeles Times has published a special report dedicated to Armenia, presenting the country’s economic environment, investment opportunities, and key directions of development to an international audience.
The newspaper made special reference to Myler Mountain Resort, the Mikshin company, and its founder, Tigran Harutyunyan, whose projects are repositioning Armenia as a competitive regional hub where tourism, real estate, and lifestyle development converge within a stable and predictable environment.
From a Personal Dream to a Major Investment Project
“Harutyunyan discovered skiing as a teenager in the late 1990s on Mount Aragats, when Armenia’s only ski facilities were remnants of the Soviet era. From those early experiences, a long-term vision took shape, and years later, supported by international expertise, that vision became actionable,” writes the Los Angeles Times, presenting the story behind the creation of Myler.
The choice of the site for Myler Mountain Resort was not accidental. Tigran Harutyunyan and his team, in collaboration with Canadian resort-planning firm Ecosign, studied various locations across the country.
“After visiting each site in winter, including aerial surveys, we chose Myler for its unique advantages,” he told the newspaper, citing its proximity to Yerevan, significant vertical drop, and water resources that enable full artificial snowmaking.
Infrastructure and Investment Prospects
Myler Mountain Resort is today a multi-phase investment project worth $1.3 billion, making it the largest of its kind in Armenia.
The resort currently offers over 13 miles (21 kilometers) of ski slopes. With rapid expansion planned to exceed 60 miles (100 kilometers), Myler is expected to become one of the largest ski destinations in the region.
Existing facilities include six restaurants, Austrian-supplied Doppelmayr lifts, chalets, a spa, a ski school, and rental services. “Accommodation is currently limited, creating a strong opportunity for investors to build hotels,” Harutyunyan noted, emphasizing the project’s open, partnership-driven model.
Myler operates within a government-designated free zone, offering investors a 20-year tax holiday on profit and VAT from 2025 to 2045.
Urban Development and Modern Lifestyle
In addition to tourism, the newspaper also covered Mikshin LLC, which is shaping modern urban living in Yerevan through projects such as the Yeraz Residential District.
Harutyunyan describes Yerevan as “a large and very safe city,” offering diverse lifestyles within a compact and accessible capital that is increasingly attractive to professionals and investors alike.
"For the Armenian diaspora, the message is clear: Myler Mountain Resort represents not only scale and return, but also purpose."
“It is the largest investment project in Armenia,” Harutyunyan stated, adding: “Beyond the scale, it is about joy, lifestyle, family, and creating memories.”
"In Armenia’s new era of peace and confidence, Myler invites partners to invest not only in infrastructure, but in a shared future of growth and renewal."