The World Bank Group’s Board of Executive Directors has approved a $100 million project aimed at enhancing access to resilient infrastructure and strengthening the role of tourism in Armenia’s economy. The initiative will create job opportunities, attract private investment, and benefit both local communities and visitors in seven key regions across the country.
The Tourism and Regional Infrastructure Improvement Project seeks to address critical challenges in Armenia’s tourism sector. Over one million residents and visitors annually are expected to benefit from improved roads, better access to urban infrastructure services, and enriched tourism experiences in the targeted areas. By promoting sustainable tourism practices and enhancing business and professional skills within the tourism value chain, the project aims to unlock the economic and employment potential of regions beyond the capital city.