Opening Marriott hotel at Iran-Armenia border under discussion, says Pashinyan

The Armenian PM finds his Davos visit for the World Economic Forum to be quite full with meetings and discussions.

Speaking to the Russian RBK TV, Prime Minister Nikol Pashinyan said that concrete ideas are under discussion.

“Davos is a good arena where leaders of different countries of the world and business representatives meet hold discussions. I met with businessmen from Russia and other countries. I had meetings with representatives of a number of European and Asian countries. I’ve brought concrete ideas from there, that require further discussions. Particularly, there is an idea concerning the opening of a Marriott hotel at the Iran-Armenia border. Since Marriott’s policy is that they don’t build and don’t buy real estate, but rather rent territory, therefore in order to fulfill this idea it is necessary to find an investor who will agree to build a building, will agree the project with Marriott, and to whom it will then rent the area,” the PM said.

The Armenian PM also mentioned concrete ideas that were discussed with Russian businessmen.

Particularly, with VTB bank the sides discussed the exploitation of the Teghut mine, in order to involve a new professional operator. VTB is managing the Teghut mine since 2018.

Pashinyan also noted discussions with the Russian Fund of Direct Investments. He said that interesting ideas exist here also.

“A rather great interest exists currently for Armenia, and we hope that this will lead to new investments,” he said.