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Cluster Consisting Of 40 To 50 Motels To Be Built In Armenian Provin

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  • Cluster Consisting Of 40 To 50 Motels To Be Built In Armenian Provin

    CLUSTER CONSISTING OF 40 TO 50 MOTELS TO BE BUILT IN ARMENIAN PROVINCE OF TAVUSH

    ARKA
    March 6, 2008

    YEREVAN, March 6. /ARKA/. A cluster consisting of 40 to 50 motels
    are planned to be built in Armenian province of Tavush.

    Ishkhan Karapetyan, executive director of Small and Medium
    Entrepreneurship Development National Center, said the center views
    the motel cluster program as an interesting niche for activity.

    He said that similar B&B (Bed and Breakfast) clusters function in
    other countries.

    "There is favorable room for creating a similar network of motels,
    each of which will constitute a separate entity of small and mid-scale
    business", he said.

    Karapetyan also said that after the 50-motel network creation by
    2008, these entities will be able to join the world well-known
    Internet sites.

    Later an association of motels will be created in the province.

    The center was established in 2002.

    Armenian government allocated AMD 400 million from the state budget for
    small and mid-scale business development. ($1 = AMD 308.40).
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