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1 July 2009 - 14:23 AMT

Armen Mkoyan: construction industry will see 5-10% growth by yearend

Construction industry will see a 5-10% growth by yearend, according to Elite Group building company president.

“The industry will recover within two years but we expect some progress. We have sealed a number of projects this month,” Armen Mkoyan told reporters in Yerevan.

Presently, Elite Group is implementing 7 projects.

“Neither of Elite Group projects was stopped because of the crisis. We also negotiate a new project with the International Finance Corporation,” Mr. Mkoyan said.