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Russian entrepreneur to purchase sports & concert complex

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  • Russian entrepreneur to purchase sports & concert complex

    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.
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