Real Estate and Construction Are Key Drivers of Armenia’s Economy, Says Economy Minister

YEREVAN — Armenian Minister of Economy Gevorg Papoyan attended the opening ceremony of TOON EXPO 2026 on November 13, highlighting the importance of the real estate and construction sectors to Armenia’s economic development.

This year’s exhibition features more than 100 companies presenting real estate and investment projects from over 10 countries. More than 45,000 visitors from over 30 countries had registered ahead of the event.

The exhibition covers a broad range of industries, including real estate development, construction, banking, investment properties in Armenia and abroad, property management, architecture, design, appraisal, surveying, and solar energy solutions.

“The real estate and construction sector is one of the key pillars of Armenia’s economy,” Papoyan stated. “Its development has a broad economic impact, stimulating construction, building materials manufacturing, architectural services, and numerous related industries.”

The minister also emphasized the exhibition’s role in attracting international investment, expanding business partnerships, and showcasing Armenia’s investment opportunities.

Following the opening ceremony, Papoyan toured the exhibition booths and familiarized himself with the projects and products on display.

Since its launch in 2022, TOON EXPO has attracted more than 140,000 visitors and showcased projects from over 15 international destinations. According to organizers, the exhibitions have facilitated the sale of more than 9,500 properties, with total transaction values exceeding $1 billion.