ARTOC group interested in investing in Armenia

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Economy

03.03.2010, 18:41

International company ARTOC Group is interested in investing in Armenia, its president Shafik Gabr, told Tuesday in Yerevan during a meeting with Armenian economy minister Nerses Yeritsian.

YEREVAN, March 3, /ARKA/. International company ARTOC Group is interested in investing in Armenia, its president Shafik Gabr, told Tuesday in Yerevan during a meeting with Armenian economy minister Nerses Yeritsian.

The ministry’s press office said it was the first visit of Mr. Gabr to Armenia. He was quoted as saying that his company wants to choose a concrete direction or directions of cooperation with Armenia after conducting a study of available potential.

Nerses Yeritsian briefed him on Armenia’s long-term and short-term investment and infrastructure projects.

ARTOC group delegation arrived in Armenia March 1 on a three-day familiarizing visit. They are expected to meet with Armenian president, speaker of parliament, prime minister and territorial minister.

ARTOC group is an international holding involved in engineering and consultancy, construction, electrical contracting, real estate development, publishing, aircraft leasing, art advisory service. Its head office is in Cairo, Egypt. -0-

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