Long-awaited industrial park opens in Armenia’s Gyumri

The plan to turn Gyumri into a technological center can now be considered a reality in part, as Armenia’s second largest city on Saturday launched its industrial park in a ceremony attended by high-ranking guests.

The initiative is part of a larger project aimed at making Gyumri an industrial center equipped with modern technologies, says Bagrat Yengibaryan, the director of the Enterprise Incubator Foundation.

“This is an exceptional opportunity for Armenia in terms of training high-quality human resources and making investments based on them. International organizations’ presence in Gyumri will, in turn, help create a highly-paid workforce which will have its impact on raising not only the education level but also the living standards,” he told reporters covering the event.

The ceremony was attended by President Serzh Sargsyan, Minister of Economy Karen Cshmarityan, Mayor of Gyumri Samvel Balasanyan and many other guests.

In his speech, Minister Cshmarityan said that the Armenian Government works consistently to promote the continuing growth of IT and High Tech industries (which it has declared a priority trend).

“Considering Gyumri’s role in the economy of Armenia, the existing potential of technological development, the presence of corresponding physical infra-structures and educational institutions, as well as the technological traditions, the Armenian Government made a decision to found a technological center here. I am confident that the center will play an essential role in the training of quality specialists, the improvement of the business and investment atmosphere and the solution of the socio-economic problems in Gyumri. It will also boost the sector’s development,” he noted.