Russia-based ethnic Armenian entrepreneurs promise to invest $300 million in homeland this year
YEREVAN, March 16. /ARKA/. Russia-based ethnic Armenian entrepreneurs will present their investment projects designed for Armenia by the end of March, Minister of Economic Development and Investments Suren Karayan told journalists today.
Earlier Russia-based businessmen of Armenian origin expressed readiness to invest in their homeland and thus support Prime Minister Karen Karapetyan’s government. According to media reports, Russian-Armenian businessmen promised to invest a total of $300 million within this year.
It was also announced that Samvel Karapetyan, ranked 394th in the Bloomberg’s list of 500 billionaires with a fortune estimated at $4.36 billion, has pledged to invest $300 million in the construction of Old Erivan, a unique cultural- historical project.
The minister refused to name the names of these businessmen noting only that it is necessary to wait a little.
"I'm not saying that all of them will rush to Armenia and start investing, but most of them will make concrete statements on investments," Karayan said. --0--