Company Seeks to Invest Approximately $100 Million in Hotel Complex, Minister Says

A company is looking to invest around $100 million to build a large hotel complex, Armenia's Minister of Economy Vahan Kerobyan announced in parliament, adding that the government has approved the investment project.

“We can say that we are assisting investors in a 'rudchno' mode to bring their projects to the market. This takes several hours of my daily work. We see results every day; we just don't register them. Our internal plan for this year is $1 billion,” said the head of the ministry.