Civilnet
By Elen Muradyan
Armenia’s government on Thursday approved plans to redevelop the Noragyugh neighborhood just outside central Yerevan into a large-scale, multi-functional international business and residential hub known as “Yerevan Downtown.”
The project will cover about 81 hectares in the Noragyugh area, according to the decision endorsed at a cabinet meeting. The government authorized the mayor of Yerevan to sign contracts on behalf of the state with private developers DIT Construction and DIT Development.
Yerevan Mayor Tigran Avinyan has described the initiative as a complex but strategically important project expected to take about 10 years to complete. He said it was crucial both for easing congestion in the city center and for addressing long-standing housing and infrastructure issues affecting residents of Noragyugh.
Under the plan, the area will be declared a zone of overriding public interest, allowing the authorities to begin property expropriation and redevelopment. Officials say the area will host banks, hotels, cultural venues and diplomatic districts, alongside residential neighborhoods.
The project also envisages the construction of high-rise buildings of up to 70 floors, as well as major transport upgrades. A new road section, as well as numerous schools, kindergartens, green spaces and expanded recreational areas are planned.
The government says the redevelopment is one of the most ambitious urban projects launched in Armenia’s capital in recent years and is expected to reshape Yerevan’s southern gateway once completed.
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