Gyumri Technopark building to be constructed in 1.5 years.

The building, which will be constructed in Gyumri city’s technological zone, will have an area of 6,500 m2, whose 5,300 m2 will be used for technological purposes, Armenian Economy Minister’s advisor Vahe Danielyan told news reporters on Thursday.

A total of AMD 1.67 billion (approx. US$ 4,266,840) will be allocated for the construction which, as per Danielyan, will finish in eighteen months.

The technopark will function with the incubation principle, as close to twenty companies will operate in the new technological center. The latter will have laboratories, an educational center, and business infrastructures.