Armenia will spend 363 million drams (US$906,000) to organize a second Global Information Technology Conference in Yerevan next year.

The country’s High-Tech Ministry says the conference will promote Armenia as a regional economic crossroads and business hub and will positively impact the domestic IT and tourism sectors.

The first such conference was held in Yerevan in 2019, attracting 3,000 companies and 48,000 visitors.