Yerevan to have $270,000,000 skyscraper

YEREVAN, AUGUST 23, ARMENPRESS. Armenia’s Minister of Economy Tigran Khachatryan held a meeting with Laura Investment representatives to discuss the company’s upcoming project on building a 270,000,000 dollar skyscraper in Yerevan.

The skyscraper will be a 270 meter, 71-storey multifunctional residential complex. The developer of the project told the minister that construction will last 5 years. Laura Investments also briefed on the seismic safety actions in the project.

The company is planning to build the tower in an area adjacent to the Dalma Gardens, where Laura Investments will also improve other infrastructure and build parks, playing grounds, a recreation zone and a ropeway.

Minister Tigran Khachatryan said that investors will have the government’s support wherever required. He also proposed to consider the opportunities of utilizing local potential in realizing the project.

Edited and translated by Stepan Kocharyan