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Apaga Projects

09/03/2022

Sector: Tourism

Partner: Apaga Projects

Description: Armenian National interests Fund’s (ANIF) subsidiary “Entrepreneur + State Anti-Crisis Investments Fund” CJSC’s Anti-Crisis Fund will make an equity investment in “Apaga Projects CJSC.

“Apaga Projects” CJSC owns two projects in Yenokavan community of Tavush region: “Apaga Resort” hotel complex and “Yell Extreme Park” amusement park. The two programs of the company are a successful example of the development of tourism infrastructure and the creation of new economic opportunities in rural communities.

The cooperation between “ANIF” and “Apaga Projects” CJSC will be aimed at the construction of a new 2.5 km long zip line of “Yell Extreme Park”, the introduction of a new sports entertainment platform, as well as the development of the infrastructure of “Apaga Resort” hotel complex and expansion of the capacity.

Advantages: It is expected that as a result of the program, Yell will be able to triple its capacity, almost doubling the number of stable jobs provided.

Fund Investment Size: 798mln AMD

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