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Construction

Distrikt Sustainable IT Hub in Gyumri

Required investments

$2,000,000

778 000 000֏

Cost of the project

$20,000,000
7 780 000 000֏

EBIТDA Margin/profitability

18%

Company’s Annual Sales

$1,000,000-$3,000,000
389 000 000֏-1 167 000 000֏

Share in the company if one invests the required money

10%

Number of employees
51-250

Payback period

8
 years
Details
The overall project is estimated at $20,000,000 ֏9,600,000,000, and the investments required for the initial stage are $2,000,000 ֏960,000,000. Min. ticket size $50,000 ֏24,000,000. *This section is for informational purposes only to provide communication between the Armenian entrepreneurs seeking financial resources and persons owning those resources. The information on this site does not constitute an offer to purchase securities. Specific investment mechanisms are not proposed, they will be discussed by the above mentioned stakeholders.

About company

Distrikt Development CJSC operates as an entrepreneurial and property development company focused on creating an attractive investment environment by meeting all the Sustainable Development Goals of United Nations in the city of Gyumri, Armenia. The founders started investing in Gyumri and the tech sector over 12 years. They are now the largest tech company outside of Yerevan and employ about 100 workers promoting sustainable & inclusive economic growth and providing productive employment for the local youth. Throughout its engagement in Armenia, the company is behind several successful IT start-ups including Digital Pomegranate, Aion Clouds, TriviaMatic, SeekUnique, Amplified Education, and many more. The founders have over 30 years of experience in the tech sector with business development & investment management.

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