Investment Projects, Business Armenia Play Center with Roller Skating in Vanadzor | Page 5

Project Description During the Soviet times, Vanadzor was known as an industrial city. Many of its former factories are still in their places, though their operation was terminated long ago. Considering the industrial history of Vanadzor and its potential to become the center of industrial tourism in Armenia, we believe that this project has the potential to become the first successful example of reusing an old factory building, reconstructing and refurnishing it to serve a different function. This project aims to create a play center with roller skating in one of the existing and nonoperational factory buildings in Vanadzor. The center will offer various entertaining games: roller-skating, bowling, laser tag, alpinism, playground for children etc. It will also have a small restaurant. Surrounded by lofty mountains and located between Tbilisi (Georgia) and Yerevan (Armenia), Vanadzor has a great potential to become an easily accessible resort city offering quality services for affordable prices to local and international tourists alike. Vanadzor is the capital of Lori Marz. It has a population of about 90.000 people and is the third largest city in Armenia. With its stunning landscape, green mountains and mild weather, Vanadzor has already become a lovely summer destination, where tourists have a chance to stroll around and enjoy nice weather, organize picnics with family and friends, have a great time in pubs and cafes and admire beautiful nature. Still, the full potential of Vanadzor city hasn’t been realized yet: it can offer much more in terms of diversifying its services, improving service quality, as well as becoming an exceptionally attractive winter destination. 4