Investment Projects, Business Armenia Medieval Village Creation | Page 7

Due to this, the Government suggests a lot of investment and preferential trade opportunities, involving foreign investors, offers and implement foreign businesses and individuals who are thinking about of making an investment in Armenia. Over the past five years, the number of tourists visiting Armenia has grown by an average of 11% every year. TOURISM 2,000,000 1,500,000 1,000,000 500,000 0 2012 2013 2014 2015 Number of tourists GEOGRAPHICAL DISTRIBUTION OF TOURISTS VISITING ARMENIA Other countries 37% Americas 12% 2016 2017 Hotel facilities According to the research, for the last several years, the majority of tourists arriving in Armenia come from three main countries: Russia (21.7%), Iran (17%) and the USA (9.6%). Tourism is announced to be one of the key sectors of the RA economy. CIS countries 25% EU countries 26% 6