Investment Projects, Business Armenia Ski Resort in Vanadzor | Page 4

Executive Summary
Project Overview This project seeks to develop tourism in Lori Marz by
establishing a modern ski resort in the third largest city
in Armenia, Vanadzor. The resort will provide winter
sports gurus both from Armenia and abroad with
affordable and quality services. Moreover, the resort will
be enriched with other services non-existing in Armenia,
such as tobogganing and tubing, to ensure its successful
operation all year round.
Sector Tourism and Entertainment
Budget 29,605,000 USD
Type of Investment Greenfield
IRR 6%
Payback Period Year 13
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