Construction of "Armenia" hotel to start in 2010, before the 2014 Winter Olympics

August 10, 2009 - 21:22 AMT
PanARMENIAN.Net - Construction of "Armenia" hotel complex will start in Sochi in 2010, before the 2014 Winter Olympic Games, Armenia's chief architect Narek Sargsyan said. According to him, Bamo, one of Russia's leading companies and the main investor of the project, has announced a contest for the best hotel, in cooperation with RA Ministry of Urban Development and Armenian and Russian Unions of Architects.



Out of the 43 applications submitted for contest, 27 were considered. Such great number testifies to high interest in the project, Sargsyan said.



Contest winner is the architects' groups from Armenian Design Institute headed by Sargis Sardaryan. Project implementation will start after Bamo signs agreement with the winner.



Russia allotted land areas to each CIS country for constructing a hotel.
 Top stories
Armenia dismisses Turkey’s demand to shut down nuclear plant as “inappropriate”Armenia dismisses Turkey’s demand to shut down nuclear plant as “inappropriate”
Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”.
Armenia to loan AMD 2.9 billion to KarabakhArmenia to loan AMD 2.9 billion to Karabakh
Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision.
Azerbaijan opposes Armenia’s plans to build new metallurgical plantAzerbaijan opposes Armenia’s plans to build new metallurgical plant
The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision.
Armenia attracts record amount of foreign direct investments, says MinisterArmenia attracts record amount of foreign direct investments, says Minister
Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.
Partner news
 Articles
4 rules for business success

An ultimate guide

 Most popular in the section
Armenia's international reserves grew by 8.9% in 2022
IDBank to participate in Career City Fest 2023
Armenia-Iran trade grew 45% in January-October – official
Shell already in Armenia: First fuel stations put into operation
Home
All news
Overview: Economy
Archive for August 10, 2009
Other news in this section
  Related sections
World
 Latest news
Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.
Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.
Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.
Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year.
---