Aroyan Company to invest $11 million in Armenia’s jewelry industry within eight years
15.09.2017,
11:16
Aroyan Company will invest $11 million in Armenia’s jewelry industry within eight years, Suren Karayan, Armenian economic development and investments minister, said Thursday at a regular cabinet meeting.
YEREVAN, September 15. /ARKA/. Aroyan Company will invest $11 million in Armenia’s jewelry industry within eight years, Suren Karayan, Armenian economic development and investments minister, said Thursday at a regular cabinet meeting.
At the session, the country’s government gave the company its permission to do business in Meridian Free Economic Zone as resident.
“The company is planning to create five jobs with $300 average salary this year and to increase the number of employees to 100 within eight years,” Karayan said. “The company intends to import its products to Russia, Kazakhstan, the Unites Arab Emirates, Qatar, Bahrain, Kuwait and Oman. Annual exports will total about $2.5 million.”
Meridian Free Economic Zone or jewelry industry was opened in 2014. The total area for production and offices is 25,450 square meters. --0---
At the session, the country’s government gave the company its permission to do business in Meridian Free Economic Zone as resident.
“The company is planning to create five jobs with $300 average salary this year and to increase the number of employees to 100 within eight years,” Karayan said. “The company intends to import its products to Russia, Kazakhstan, the Unites Arab Emirates, Qatar, Bahrain, Kuwait and Oman. Annual exports will total about $2.5 million.”
Meridian Free Economic Zone or jewelry industry was opened in 2014. The total area for production and offices is 25,450 square meters. --0---
