Russian company pledges to invest up to $340 million in Armenia
30.11.2018,
18:42
Armenia’s acting Deputy Prime Minister Tigran Avinyan had a meeting today in Yerevan with Sergey Sopin, the head of the Russian Ekotekhprom company, saying the government attaches great importance to working with foreign investors and to this end is working to create the most favorable conditions for investments in Armenia.
EREVAN, November 30. /ARKA/. Armenia’s acting Deputy Prime Minister Tigran Avinyan had a meeting today in Yerevan with Sergey Sopin, the head of the Russian Ekotekhprom company, saying the government attaches great importance to working with foreign investors and to this end is working to create the most favorable conditions for investments in Armenia.
Sopin said the company intends to make large investments in Armenia and create an industrial complex that will produce calcium soda, food and technical salt and glass, and sell the products to Russia and other countries.
During the meeting, a Memorandum of Understanding was signed between the company and the Business Armenia Foundation, whereby the company undertakes to invest $285-340 million in the construction of an industrial complex on 100 hectares of land. The investment is supposed to create 1200 new jobs. The design work is to start in 2019. The plant is to be commissioned in 2022. -0-
Sopin said the company intends to make large investments in Armenia and create an industrial complex that will produce calcium soda, food and technical salt and glass, and sell the products to Russia and other countries.
During the meeting, a Memorandum of Understanding was signed between the company and the Business Armenia Foundation, whereby the company undertakes to invest $285-340 million in the construction of an industrial complex on 100 hectares of land. The investment is supposed to create 1200 new jobs. The design work is to start in 2019. The plant is to be commissioned in 2022. -0-
