ARKA News Agency, Armenia
Sept 9 2005

ARMENIAN PRESIDENT MEETS WITH PRESIDENT OF BAMO HOLDING COMPANY

YEREVAN, September 9. /ARKA/. RA President Robert Kocharyan has held
a meeting with President of the BAMO holding company Murad Muradyan.
Under a contract with the Department for State Property Management,
BAMO has prucahsed the Yerevan Karen Demirchayn Sport-Concert
Complex. During the meeting, the Armenian President expressed
satisfaction with the transaction, and Murad Muradyan assured Robert
Kocharyan that BAMO will strictly observe the contact. The sdies also
pointed out that the implementation of an investment program will
open up new opportunities to Armenia’s sport and cultural spheres.
On August 25, 2005, the RA government made a decision alienating the
Yerevan Karen Demirchyan Sport-Concert Complex to the BAMO holding
company through direct sale for $5.7mln.
The BAMO holding company is one of the largest construction companies
in the CIS and comprises nine companies engaged on construction in
Russia, Armenia, and Germany. A total of 4,500 people are employed by
BAMO. The holding company launched its activities in Armenia in 2001
by constructing a wood-processing enterprise in Martuni, Gegharkuni
region, Armenia.
The Karen Demirchyan complex is the largest sport-concert complex in
Armenia (46,000sq meters). P.T. -0–
From: Baghdasarian