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 Gyumri TP is part of a larger project aimed to making Gyumri an industrial center equipped with high 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.

Construction of the project started in 2012. The total floor area is 6500 square meters. Here are situated "Armtab" laboratory and educational laboratory room, laboratory of engineering and mechanics, rooms of companies "D-Link" and "E-Works", a multimedia studio and the auditorium.