YEREVAN, OCTOBER 31, ARMENPRESS. The Dry Port and Industrial Estate project in Gyumri could get approved this year and enter the construction phase in 2024, the Minister of Economy of Armenia Vahan Kerobyan has said.

He said that MTBS, a Dutch company, is currently carrying out a feasibility study of the project and the preliminary report shows sufficient demand to build the industrial estate.

The final report is expected by yearend. Then, the Public Investments Committee must hold another hearing to determine whether or not to continue the project.

Kerobyan said he finds it likely for the committee to greenlight the project.

The Dry Port and Industrial Estate project will likely be carried out by a public-private partnership model.

“We must try to involve a leading operator that will be able to perform a high-level management both in the industrial park and the logistics section,” Kerobyan added during a press briefing when asked by Armenpress on the project. 

“I think that in 2024 we will definitely pass the phases of preparing and implementing the tender. I think we can also hope that some construction works will commence in 2024,” he said.

Kerobyan said he has presented the project in various countries such as the UK, China, UAE and in different business forums. There is interest for the project from both the Gulf states and Southeast Asia.