An eco-village and ski complex worth $190 million will be built on the slope of Aragats. At the meeting of the government on Thursday, the investment program "Aragats" was approved, which involves the creation of a new eco-agricultural complex with 300 mini-farms and adjacent guest houses on the slope of Mount Aragats on an area of 4400 hectares.

Also, a reservoir with a capacity of 3 million cubic meters will be constructed to ensure access to water. It is planned to build a ski complex with five cable cars and ski tracks with a total length of about 30 km. As a result of the implementation of the investment program the company"Rid LLC" will create 1112 new jobs.