PanArmenian News Network
Aug 3 2005
/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.