“ALLIANCE” 

“Alliance” free economic zone based on “RAO Mars” CJSC and “The Yerevan Computer R&D Institute” CJSC was established and given the right to operate by the decree N785-A of the Government of the Republic of Armenia of July 18, 2013. “SYTRONICS ARMENIA” CJSC is recognized as the operator of the zone. The free economic zone was launched on August 1, 2013.

“Alliance” free economic zone is oriented to the production and exports of high and innovative technologies in the field of electronics, precision engineering, pharmaceutics and biotechnologies, information technologies, alternative energy, industrial design and telecommunications (elaboration and production of technological equipment, systems and materials for data/information transfer) as well as in the fields producing goods not produced in Armenia.

On August 14, 2013, the Ministry of Economy of Armenia (currently the Ministry of Economic Development and Investments of RA), on behalf of the Government of Armenia, signed a contract with “SYTRONICS ARMENIA” CJSC on operation of the free economic zone established at “RAO MARS” CJSC and “The Yerevan Computer R&D Institute” CJSC.

The duration of free economic zone is 10 years.

Myler Mountain Resort 

Myler Mountain Resort is an 18-year visionary project designed for implementation in phases to establish the largest and most advanced ski resort in Armenia.

Myler Mountain Resort offers a unique investment opportunity for local and international stakeholders to participate in the transformation of Armenia’s tourism landscape. The project’s funding model centres on public-private partnerships, encouraging collaboration between the government, private investors, and strategic partners.

The initial phase of the project requires investments exceeding $70 million. The total estimated budget for the project is $250-$300 million over the next decade. Key allocations include over €30 million for the construction of advanced ropeway systems, with the remainder dedicated to creating essential support infrastructure, ski tracks, and guest amenities.

Once operational, the resort will cater to 16,000 skiers at peak capacity – a figure that triples Armenia’s current high-season visitor numbers.

The project is spearheaded by Myler FEZ LLC, the official organiser of the Myler Free Economic Zone (FEZ), which was established by the Armenian government through Decision No. 1302 on 15 August, 2024. This partnership underscores the alignment of private and public sector goals to create a globally competitive ski resort.

Investing in Myler Mountain Resort offers a unique opportunity for sustainable growth, leveraging a phased development plan for financial stability. Located near Mount Aragats, its world-class infrastructure and year-round attractions ensure a steady visitor flow, solidifying its status as a premier destination.

With significant tax incentives in the Myler FEZ, investors gain a strategic advantage while contributing to Armenia’s rise as a global leader in mountain tourism.

ECOS 

The ECOS Free Economic Zone is a new digital platform that aims to stimulate the development of a digital business environment and the production of innovative technological products and services.

ECOS data center is located on the territory of Hrazdan thermal power plant. To date, it has more than 20,000 devices and supports an energy infrastructure of 60 MW, capable of expansion to 200 MW. The location in Hrazdan creates a number of significant advantages, such as: direct receipt of electricity from thermal power plant, ideal climatic conditions and the presence of its own service center. Armed guards monitor the safety and security of the equipment around the clock, and a team of engineers working on the site 24/7 ensures uninterrupted operation.

In addition to their own capacities that provide cloud mining and other products, the ECOS data center serves as a hosting service for large miners around the world.