 Following a 2-year period of construction process between 2013 and 2015, the Olympavan was officially opened on 29 September 2015, on the oocassion of the 25th anniversary of the Armenian Olympic Committee.The ceremony was attended by then-Prime Minister Hovik Abrahamyan, businessman Samvel Karapetyan, Sheikh Ahmed Al-Fahad Al-Sabah, Gagik Tsarukyan, as well as delegates of 25 different national Olympic committees.The complex occupies an area of 10,000 m² and consists of 5 buildings.