Great news for all tech enthusiasts! The Armenian Cabinet has recently approved the allocation of 1.94 billion drams for the Engineering City program. This funding is aimed at ensuring the continuity of the investment program, which is a crucial step towards further development in the tech sector.
Out of the total amount, 1.88 billion drams will be utilized for the construction and equipment of the business accelerator building of the Engineering City. Additionally, 67.9 million drams will be designated for maintenance and service work of the building and general infrastructures, creating a conducive environment for innovation and growth.
This significant investment highlights the government’s commitment to fostering the tech industry in Armenia, paving the way for cutting-edge advancements and opportunities in the field. Stay tuned for more updates on this exciting venture!
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