Mirzoyan explained why Armenia will only own 26% of the shares of TRIPP Development Company
14.01.2026,
11:30
Armenian Foreign Minister Ararat Mirzoyan answered a question about why Armenia will only own 26% of the shares of TRIPP Development Company, which will develop the Trump Path to International Peace and Prosperity (TRIPP) project.
YEREVAN, January 14. /ARKA/. Armenian Foreign Minister Ararat Mirzoyan answered a question about why Armenia will only own 26% of the shares of TRIPP Development Company, which will develop the Trump Path to International Peace and Prosperity (TRIPP) project.
Armenia intends to sanction and support the creation of TRIPP Development Company. The company is expected to be responsible for developing the TRIPP project, having received an initial right to do so for a period of 49 years. Armenia intends to offer the United States a 74% stake in TRIPP Development Company, retaining 26%.
"Basically, this is the result of negotiations, and the shares in the company reflect the investments of the parties. It is no secret that the United States is making significant investments, and this is not only about political support but specifically about financial investments," Mirzoyan said.
He stated that the Republic of Armenia's main investment is the development right.
"I think this is a very fair distribution, especially since we're only talking about 49 years. It's assumed that the investment will be recouped to some extent over these years. When the contract is extended for another 50 years, the share ratio will change," Mirzoyan said.
Armenia intends to sanction and support the creation of TRIPP Development Company. The company is expected to be responsible for developing the TRIPP project, having received an initial right to do so for a period of 49 years. Armenia intends to offer the United States a 74% stake in TRIPP Development Company, retaining 26%.
"Basically, this is the result of negotiations, and the shares in the company reflect the investments of the parties. It is no secret that the United States is making significant investments, and this is not only about political support but specifically about financial investments," Mirzoyan said.
He stated that the Republic of Armenia's main investment is the development right.
"I think this is a very fair distribution, especially since we're only talking about 49 years. It's assumed that the investment will be recouped to some extent over these years. When the contract is extended for another 50 years, the share ratio will change," Mirzoyan said.
