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Annual Growth In Building Sphere In Armenia Is 20-25%

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  • Annual Growth In Building Sphere In Armenia Is 20-25%

    ANNUAL GROWTH IN BUILDING SPHERE IN ARMENIA IS 20-25%

    Panorama.am
    13:35 30/03/06

    The third international specialized exhibition "Building and Repair
    EXPO-2006" has started its work in Yerevan. As the President of the
    Manufacturers and Entrepreneurs Union in Armenia Arsen Ghazaryan
    mentioned in the talk with correspondents the annual growth of the
    building sphere in the Republic is 20-25%. As he said the increase
    of the value of building brought to the increase of stone-working
    enterprises and building companies. In the last 3 years more than 10
    new producers of building materials appeared in Armenia.

    In reply to Panirama.am correspondent's question A. Ghazaryan informed
    that there are a considerable number of companies with foreign capital
    in Armenian building market. A. Ghazaryan mentioned that foreign
    companies pull native investors after them as a result of which the
    building industry in the country has reached a higher level then in
    the Soviet times.

    More than 80 companies, including investing, building companies as well
    as project organizations, are going to take part in the exhibition. To
    note, the latter is going to last till April 1. The exhibition is
    being held with the assistance of Ministry of Trade and Economic
    Development, Foreign Ministry and RA manufacturers and Entrepreneurs
    Union. The exhibition has been organized by exhibition company "LOGOS
    EXPO Centre". The exhibition aims at getting the consumers acquainted
    with building technologies.
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