YEREVAN–The sale of the Armenian Foreign Ministry building was finalized Thursday. The price tag: $51,360,000. The new owner: Argentine-Armenian businessman Eduardo Eurnekian, who also owns the Yerevan Zvatrnots International Airport.
Sources indicated that the building’s interior will be refurbished and converted into a luxury hotel, while the its historic exterior will remain intact.
An official statement said the company is also obliged to construct a new Foreign Ministry building elsewhere in downtown Yerevan by September 2015. The Armenian government will pay for the construction with proceeds from the sale, it added.
The government declined to specify the likely cost of the construction work. “I can’t tell you a concrete price,”Arman Sahakian, head of a government agency managing state-owned properties told RFE/RL’s Armenian service (Azatutyun.am). “But I think that it cannot exceed or equal the price at which we are selling the building.”
According to another government source, the new government building will accommodate not only the Foreign Ministry but also the ministries of energy, local government, justice and Diaspora affairs.