// IP Marketing video - START// IP Marketing video - END

IDeA Foundation pledges to attract $1.3 bn investments into Armenia

IDeA Foundation pledges to attract $1.3 bn investments into Armenia

PanARMENIAN.Net - IDeA Foundation will attract investments worth some $1.3 billion into Armenia throughout the next 15 years, co-founder Ruben Vardanyan said at a meeting with prime minister Karen Karapetyan on Tuesday, April 25.

According to Vardanyan, IDeA and its partners and donors have since 2007 invested more than $550 million in various projects in Armenia and are planning to attract more resources which will leave a positive impact on the country's social and economic development.

At the meeting, Vardanyan briefed the prime minister on a host of investment projects aimed at the development of information technologies, education, tourism, health, agriculture, mining, telecommunications, infrastructure, as well as the preservation of cultural heritage preservation, strengthening of the financial system, and the development of Artsakh (Nagorno Karabakh).

Karapetyan, in turn, instructed the relevant bodies to cooperate with IDeA to better coordinate the activities.

IDeA Foundation (Initiatives for Development of Armenia) implements strategic charitable initiatives for Armenia, Artsakh and Armenian Diaspora. The projects are aimed at preservation, rebirth and international recognition of national, spiritual and historical heritage, development of education, cultural enrichment and enhancement of competitiveness of the nation.

 Top stories
Armenia has claimed the 68th spot in the rating of the world’s innovative economies and has made it to the list of innovation achievers
The representatives of the Armenian investment promotion agency took part in the EBRD reception held in Westminster Palace.
TAROM has sold its two Airbus A310 aircraft, bought in 1991, to Armenia Airways, a newly-established company, for €5.5 million
It has been agreed that Iran’s gas export volume to Armenia and dispatch of electricity from Armenia back to Iran should grow as of 2018.
Partner news