“High Commissioner for Diaspora Affairs Zareh Sinanyan, Vayots Dzor Regional Governor Ararat Grigoryan, Honorary Consul of Cyprus in Armenia Armen Khachatryan, Diaspora Armenian businessman, co-investor Ashot Mkrtchyan and others were present at the groundbreaking ceremony. The idea for the investment arose ten months ago when well-known local Armenian businessmen from Cyprus, David and Alexander Petrosyan and Ashot Mkrtchyan met with High Commissioner Sinanyan and became inspired by the changes in Armenia. After which they came to the homeland, studied the legislative and investment fields, and began to implement the idea.
The $ 9 million solar farm situated on a 36-acre plot of land in Saravan, at an altitude of 1,720 meters above sea level, will be completed in a year’s time.
High Commissioner Sinanyan highlighted the investment policy adopted by the Armenian Government and the fact that investors are able to earn a significant profit in Armenia. The Office of the High Commissioner for Diaspora Affairs is always ready to support Diaspora investors and any problems they may encounter.
Co-investor, Ashot Mkrtchyan noted that they have turned their attention to the homeland and if successful, investments will be made in other spheres as well. In a video message, representative of the Armenian community in the Cypriot House of Repr...
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