THE SKATING-RINK OF SPORT AND CONCERT COMPLEX FIRST TO BE RESTORED
By Ara Martirosian

AZG Armenian Daily #163
13/09/2005

President of BAMO Promises Investments of $9-10 Million

The new owner of Yerevan Sport and Concert Complex after Karen
Demirtchian, president of Moscow-based construction group BAMO Murad
Muradian met with journalists at the Armenpress media hall last
week. He firstly represented the activities of the company in Russia,
informing that BAMO is one of the most famous construction companies
in Russia which employs 2500 people.

Muradian said that the company has recently built 2 big sport
complexes in Moscow region. The president of BAMO group applied to
the President of Armenia offering $5 million to buy the Sport and
Concert Complex. The final price of the deal was $5.7 million.

Muradian said that he has set a commission of exports to study the
Complex in three years’ time and settle on the size of investments. He
promised to inform about the process of reconstruction once in 3-6
months. He also said another term of the agreement requires that the
name of the complex be not changed.

One of the first goals is to reconstruct the skating-rink to hold
winter sports all-the-year-round. The company also looks to cultural
arrangements.

“Yerevan should become a city of festivals”, Murad Muradian
underscored.

The company will invest $9-10 million under the deal. No restaurants
or hotels will spring up in the territory of the Complex nor will
the green areas reduce.

One of the founders of BAMO group, Hovik Muradian, rebuffed the rumors
that the wife of Moscow mayor is a shareholder of the company. Murad
Muradian pointed out that the family of the Muradians is the all-out
owner of BAMO group.

From: Emil Lazarian | Ararat NewsPress