Investment Projects, Business Armenia Forest Lake Resort & Spa | Page 5

Detailed Project Description The Government of RA highlights the importance of the balanced development of the territories, including the construction of new infrastructural developing areas in different spheres, it is envisaged to combine the interests of the state and the private sector, including:  the construction of a touristic complex,  reservoirs construction in Armenia, in order to expand rural irrigated areas and water resources. However, it will be necessary to use attraction components for attracting private investments, which is the construction of a tourist complex within the framework of this project. Thus, for implementing such activities a number of areas are envisaged in Tavush region, which is famous with its nature throughout entire Caucasus. The best option for building touristic complex was chosen to be the area near Koghb community. The construction of a recreational complex, which will include a resort, cottages, a dam and a hydroelectric power station, as discussed above will be situated near Koghb community. Forest lake resort and spa is situated in the forests of Tavush, near towns Ijevan and Dilijan. It is not far from some of the local architectural and historical treasures of Armenia, such as Haghartsin monastery, Goshavanq, Sevan lake and peninsula and many more. A forest resort is not a new business in the hospitality industry; it has long been in existence but only just recently became popular among various groups of people. It is usually a place of fun and relaxation for locals and tourists who want to be close to the nature, while still enjoying the amenities of a resort. A forest resort is like other resorts, but is usually situated in the forests and in our case near the artificial lake (dam), which will be constructed within the framework of the project as well, and is a place for fun lovers and those seeking a retreat of sorts. The resort will be a place where visitors could be in touch with the ecological spirit, where customers will be face to face with nature and feel the warmth of relaxation, catering and comfortable accommodation. Moreover, the complex will maintain almost intact the outward appearance of 4