The ‘Fairy Tale’ Project of Gyumri Disappears: Local Businessman Living in Africa Freezes It

Khachatur Sargsyan, the director of ‘Armon’ LLC, which promised aerial transport to the residents of Gyumri, has submitted a request to the Gyumri municipality to freeze his investment project. Although originally from Gyumri, Sargsyan has been living in the United Republic of Tanzania for many years.

This information was shared today, March 4, by the chief architect of Gyumri, Henrik Gasparyan, in response to our question about whether there are entrepreneurs who have withdrawn their proposed projects. This report was published by Aravot.am.

The project, which promised aerial trams and was named ‘Sky Gyumri’, became a topic of humor among the residents of Gyumri, especially when they learned that the author is the same person who proposed a project to build a crocodile farm in the Ararat region.