The EIF director said there are already an engineering center, library, museums of universe, science and technologies in the other side of the area, high school will be constructed soon.
Photos by Eduard Sepetchyan“The Engineering City is already a reality. It’s just the expansion of the city where 32 organizations will be deployed with their separate buildings, as well as a major engineering incubator with 38 newly-established companies”, he said.
Yengibaryan said the construction of the Engineering City aims at testing a new unprecedented model in the region. “This model will prepare engineering specialists in one place, the companies will be able to use the joint equipment, observe and later produce jointly”, he noted.
The Engineering City is created within the frames of the public-private partnership. According to the program, 1500 highly-qualified specialists of the field will be prepared and trained, 2000 jobs will be created, starts will be established, as well as the companies’ activity efficiency will raise and export volumes will grow.
“As this is going to be an incubator environment, that number will change constantly and will be updated. When the companies enlarge, most probably, they will be withdrawn from the space and will set up their own production infrastructures”, the EIF director said, adding that a new profession has been included in the Armenian State Engineering University – a systematic engineering, which will be taught in the Engineering City.
Bagrat Yengibaryan said the preliminary investments comprise 30 million USD, 10 million of which will b...
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