Armenian National interests Fund’s (ANIF) subsidiary “Entrepreneur + State Anti-Crisis Investments Fund” CJSC’s Anti-Crisis Fund will make an equity investment in “Apaga Projects CJSC.

“Apaga Projects” CJSC owns two projects in Yenokavan community of Tavush region: "Apaga Resort" hotel complex and "Yell Extreme Park" amusement park.

“Investments in successful project with a potential for growth provide additional economic opportunities, creating new jobs and  prospects for development. The Fund maximally diversifies its portfolio programs, both in terms of sectors and geography. The joint project with “Apaga Projects” is especially important in terms of expanding a modern, viable, competitive program in the regions and creating new economic opportunities for the community,” “Entrepreneur + State Anti-Crisis Investments Fund” CJSC’s Director Bella Manoukian said.

Tigran Chibukhchyan, General Director of “Apaga Projects” CJSC, said this cooperation is aimed at the development of a community of 200 families, the improvement of community life, including through the creation of jobs in our region.

He noted that the cooperation between “ANIF” and “Apaga Projects” CJSC will be aimed at the construction of a new 2.5 km long zip line of “Yell Extreme Park”, the introduction of a new sports entertainment platform, as well as the development of the infrastructure of “Apaga Resort” hotel complex and expansion of the capacity.

It is expected that as a result of the program, Yell will be able to triple its capacity, almost doubling the number of stable jobs provided.