RUSSIAN ENTREPRENEUR GOING TO PURCHASE SPORTS AND CONCERT COMPLEX AFTER K. DEMIRCHIAN
PanArmenian News Network
Aug 3 2005
03.08.2005 03:09
/PanARMENIAN.Net/ Chairman of Bamo Russian construction holding
Murad Muradian expressed a wish to purchase the Sports and Concert
Complex after Karen Demirchian, RFE/RL reports. Murad Muradian, a
Russian citizen, has been at the head of Bamo, which is composed of
about 10 Armenian and German companies engaged in building as well as
manufacture of glass, doors and windows, for over 15 years. According
to him, the company intends to make big investments in the Armenian
economy and has already appealed to Armenian President Robert Kocharian
on the issue wishing to get response within a month. The Russian
entrepreneur is going to invest $13-15 million to repair the Complex
for its further exploitation. “We hope our proposal will be accepted”,
he noted. As RA Deputy Minister of Culture Karine Khodikian said,
the Ministry has already received an appropriate inquiry to study
the issue.