May 10, 2022 - 17:34 AMT
Yerevan to be home to new tech center with $110M investment

A multifunctional technology center, which will be the first building in the region to meet the BOMA A Class construction standard, will be built in Yerevan with investments totaling $110 million, Enterprise Armenia reports.

The standard is granted to the most prestigious buildings competing for premier office users with rents above average for the area. Buildings have high quality standard finishes, state-of-the-art systems, exceptional accessibility and a definite market presence. The project will be implemented based on LEED certification standards.

Construction on one of the largest investment projects coordinated by Enterprise Armenia, the Dalan Technology Center, will launch in June 2022 and the building will be commissioned in 2026.

Levon Ohanesyan, CEO of Enterprise Armenia, believes the center has a special importance in terms of both the amount of investments and the expected impact on the development of Armenia's technological eco-environment and promoting cooperation between leading Armenian and world organizations.

Announcing the project, Ohanesyan reaffirmed the commitment of Enterprise Armenia Foundation to provide assistance at all stages of project implementation.