А free economic zone will be created in Yeghipatrush settlement of Armenia’s Aparan community. The decision was made at the government sitting today.
The creation of a free economic zone in the Aragatsotn region of the Republic of Armenia is expected to promote the development of tourism, create of new jobs, attract investments.
The goal of the project is to build a high-standard ski resort at the regional level, which will contribute to increasing the tourist attraction of the country and sustainable socio-economic development of the country/region.
A high-standard ski resort is expected to be built as part of the project. Up to 30 billion drams ($77 million) will be invested for the acquisition of slides and artificial snowmaking system and the construction of entertainment centers (tobogganing, tubing, “magic carpet”, zipline, water attractions) and other infrastructure.
According to the plan, in addition to the basic infrastructure, the organizer will also build ropeways, three hotels, a restaurant, a skating rink, a children’s activity center and a spa center. According to the presented business plan, the number of planned jobs will be 1,500 in the first phase, and 10,400 in the third phase. The average monthly salary will be 180,000 drams in the first phase, with a tendency to increase in the future.
Mailer ATG LLC has already invested $15 million to create appropriate infrastructures. According to estimates, by the end of the first phase, the resort is expected to receive up to 20,000 visitors per day during the winter season.
