The construction of the zipline that connects Arabkir and Ajapnyak Administrative Districts of Yerevan (from one bank of Hrazdan river to another) is already completed, and in a few days, adventure tourism fans will be able to experience the longest zipline of the region built within the framework of the Alter Ego project in Arabkir Park. The zipline has two directions. From Arabkir to Ajapnyak with the length of 870 m, and backwards - 650 m. The height of the zipline is about 90 m, part of which passes under the bridge of Davtashen. Moreover, it is considered the only zipline in the world that passes under the bridge. "Designers and investors usually avoid such projects, because the bridges cause winds of different directions, so there is a risk that a person will not succeed its way. We constructed the line with such technical capabilities that will allow us to adjust the speed at any time. We studied the character of the winds and their directions, and we are sure that this bridge will not prevent us. The construction of the zipline lasted two months, "said Zhirayr Mushegհyan who is one of the founders of Alter Ego company. The cost of the zipline flight on weekends and holydays will be about USD 33 and about USD 29 for working days. The zipline and park will fully have adapted to handicaps and for them other tariffs will be used. The construction of the zipline cost about USD 160 000 and the next year another USD 100 000 will be invested to turn Arabkir Park to one of the most attractive and innovative places in Armenia. Besides the zipline, fans of extreme sports will have an opportunity to experience rock climbing, ice climbing as well as mountain biking. "The mountain biking trial will connect the park with the Barekamutyun Metro Station tunnel, we shall take this area under our control, set up appropriate signs and provide all security measures for bikers," says Zhirayr Mushegհyan. The park will also consist free of charge open cinema and libraries, as well as playgrounds and special places for drawing for children. The company is also going to make some improvements on lighting and landscaping, build irrigation system, ramps and other needed facilities in 3-hectare Arabkir Park.

RIO Shopping and Entertainment Center Opened in Yerevan

Dear partners, “Prom Expo” company invites you to take part in the 11th largest international specialized exhibition entitled “Construction and Interior” 2018, which will be held on May 18-20th in 2018 in "Yerevan Expo Center". More than 120 local and foreign organizations from Armenia, Russia, Georgia, Iran and etc., which represent the field, are going to participate in “Construction and Interior” 2018 exhibition and present to a consumer innovations and new technologies. The aim of “Construction and Interior” 2018 is spurring of joint business and investing programs, assisting the investigation of the given sphere and these all has positive effect on the economic growth of the country. The exhibition creates propitious conditions for establishing new business relationships, as well as it contributes the development of small and medium business. Thematic divisions: Security systems Banks, loan organizations Cargo carriage Systems of gas – thermal and water supply Doors and windows Exterior and interior design Interior items, furniture, carpet, service Swimming-pools and saunas Lighting technology Green planting Cleaning services and products Projecting Coloring and protecting materials Construction tools and equipment Construction and interior decoration items, technologies Construction, rebuilding services Systems of heating, ventilation Sanitary engineering and white goods In collaboration with the SME Development National Center of Armenia, as Business Cooperation Center of the Enterprise Europe Network in Armenia the Brokerage event/B2B meetings will be organized to promote business cooperation between EU and Armenian companies. It is an excellent opportunity to find business partners in other countries. Official support of the exhibition: Government of RA Ministry of Economic Development and Investments of RA Ministry of Urban Development of RA Chamber of Commerce & Industry of RA Municipality of Yerevan Official support of the B2B meetings: SME Development National Center of Armenia. Sponsor of the exhibition: “AES Trade”, Organizer: “Prom Expo” LLC:

The groundbreaking ceremony for the construction of a new China Embassy took place in Yerevan today. The new site is located on Admiral Isakov 17/4, near the intersection of Isakov and Bagratunyants avenues. China constructing its new embassy near the US embassy and it will be the second largest embassy in Armenia after the US Embassy. The territory of the embassy occupies about 4 hectares. Construction works will be carried out by builders from China and, according to preliminary data, construction will last for about two years. Today, the Embassy of People's Republic of China located at Baghramyan 12, which has been provided by the Armenian Government on a temporary basis since 1992.

Recently Armenian Ministry of Urban Development presented a new development mega project on the site of well-known old market called "Firdausi". If the project is implemented, on the site of old market and its surroundings will arise a new development conventionally dubbed "Round Square". According to the Ministry the project will be implemented within 3-4 years with about US $ 300 million total budget estimated. The whole project will offer about 200 thousand square meters of total area and will consist of "Round Square" with a diameter of 85 meters and buildings height of 30-36 meters, underground parking, public and business centers, hotels and residential buildings. Ministry of Urban Development assures that the all valuable architectural buildings of the site will be saved.