As of today, over USD 11 million was donated to Matenadaran Foundation, the foundation director stated.

As Hovhannes Chitchyan told a news conference, the head of Moscow-based Monarch organization, Sergey Ambartsumyan, donated the largest sum, USD 7 million 120 thousand; Zangezur Copper Molybdenum Combine’s donation amounted to USD 2 million 840 thousand.

Matenadaran Foundation was created in 2008 to assist in construction of a new building adjacent to the museum of ancient manuscripts.

The new building is aimed for scientific and research activities, storage of and restoration of exhibits. The building is complete with up-to-day equipment is also meant to host various events.

The exhibition halls will be allocated in the old building, Matenadaran.

Total area of a new building comprises 11358 sq.m., while the old building has an area of 3186 sq.m. The new building will be put into operation in August 2011.