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Time in Yerevan: 11:07,   29 March 2024

“Old Khndzoresk” project approved – 25 million USD investment and 400 new jobs

“Old Khndzoresk” project approved – 25 million USD investment and 400 new jobs

YEREVAN, DECEMBER 7, ARMENPRESS. The Government of Armenia approved “Old Khndzoresk” 2018-2025 investment project. Minister of Economic Development and Investments Suren Karayan noted that investment attraction and implementation of investment projects of strategic importance are among Cabinet priorities, which are aimed at job creation and raising the welfare of the population.

“The goal of the project is to raise the touristic attractiveness of the province by creating new infrastructures, including funicular, zipline, active leisure and health complexes, hotels and so on. Nearly 25 million USD investments is foreseen and over 400 jobs”, ARMENPRESS reports Karayan saying.

The Government of Armenia has set a goal to raise the annual number of tourists visiting Armenia to 3 million as a result of the activities to be done in the period of 2017-2022.








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