12:32, 2 March 2023

YEREVAN, MARCH 2, ARMENPRESS. A new ski resort and eco-agricultural complex is expected to be built on the slopes of Mount Aragats after the government approved the 190,000,000 USD investment project during the March 2 Cabinet meeting.

The ski resort and eco-agricultural complex covering 4,400 ha of land will feature a new village with 300 mini-farms and guest houses. A new reservoir with a capacity of 3 million cubic meters is also planned to be built in order to ensure water supply for the village. The ski resort will have 5 ropeway lines, a 30km piste and hotels.

Minister of Economy Vahan Kerobyan said the investment project will be implemented by Rid LLC.