American MGM Mirage company to manage Sis, Masis, New Armenia project

American MGM Mirage company to manage Sis, Masis, New Armenia project

PanARMENIAN.Net - American Armenian benefactor Kirk Kerkorian, 100% owner of MGM Mirage company, has agreed to manage Sis, Masis, New Armenia project.

The relevant decision was adopted late in December 2010, the Armenian Development Agency told a PanARMENIAN.Net reporter.

Financing at the amount of around USD 400mln will be required for the project implementation. The project envisages organization of recreational zones around Yeghvard water basin, with casinos, as well as sport and leisure complexes to be constructed there.

 Top stories
Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”.
Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision.
The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision.
Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.
Partner news
---