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ARMENIAN JEWELERS ASSOCIATION (AJA) TO INVEST $14 MILLION IN MERIDIAN FREE ECONOMIC ZONE
YEREVAN, July 8. / ARKA /. Armenian Prime Minister Hovik Abrahamyan
visited today Meridian free economic zone in Yerevan to get a
first-hand view of jewelry, diamond-processing and watch-making
business organization activities, the government press service told
ARKA News Agency.
It recalled that on February 27, 2014, the government passed a decision
to recognize the Armenian Jewelers Association (AJA) as the manager of
the AJA free economic zone CJSC, which has already started operating
on the site of an estate complex in Yerevan.
The head of government toured the site, inspecting the ongoing
activities and getting briefed on the projected actions.
AJA President Gagik Gevorgyan told the premier that his company
is going to spend around USD 14 million in capital investment to
refurbish and upgrade the manufacturing facilities, set up the
necessary infrastructure and purchase the needed equipment, as well
as to improve and landscape the surrounding area.
Reputable foreign companies are expected to get involved in the zone
generating some 1000-1200 new jobs. Instruments of intent have already
been signed with 8 entities from Russia, USA, Algeria, Jordan, with
the output to be exported toward the U.S.A., Russia, UAE, Israel,
India, Italy, Thailand, Hong Kong, Austria, Belgium, etc. Talks are
underway with 12 other foreign companies.
The zone will feature a 10,000 square meter-wide expo center to host
international exhibitions, conferences and other events. The center is
due to host the Yerevan Show - 2014 international jewelry exhibition
and the annual congress of the Armenian Jewelers Association (AJA)
this October.
The jewelry, diamond-processing and watch-making industry development
strategies have been developed in the framework of the government's
industrial policy strategy, which is aimed at boosting the exports
through better management of export potential, the press service said.
-0-
- See more at:
http://arka.am/en/news/economy/armenian_jewelers_association_aja_to_invest_14_mil lion_in_meridian_free_economic_zone/#sthash.jNO4CvAl.dpuf
YEREVAN, July 8. / ARKA /. Armenian Prime Minister Hovik Abrahamyan
visited today Meridian free economic zone in Yerevan to get a
first-hand view of jewelry, diamond-processing and watch-making
business organization activities, the government press service told
ARKA News Agency.
It recalled that on February 27, 2014, the government passed a decision
to recognize the Armenian Jewelers Association (AJA) as the manager of
the AJA free economic zone CJSC, which has already started operating
on the site of an estate complex in Yerevan.
The head of government toured the site, inspecting the ongoing
activities and getting briefed on the projected actions.
AJA President Gagik Gevorgyan told the premier that his company
is going to spend around USD 14 million in capital investment to
refurbish and upgrade the manufacturing facilities, set up the
necessary infrastructure and purchase the needed equipment, as well
as to improve and landscape the surrounding area.
Reputable foreign companies are expected to get involved in the zone
generating some 1000-1200 new jobs. Instruments of intent have already
been signed with 8 entities from Russia, USA, Algeria, Jordan, with
the output to be exported toward the U.S.A., Russia, UAE, Israel,
India, Italy, Thailand, Hong Kong, Austria, Belgium, etc. Talks are
underway with 12 other foreign companies.
The zone will feature a 10,000 square meter-wide expo center to host
international exhibitions, conferences and other events. The center is
due to host the Yerevan Show - 2014 international jewelry exhibition
and the annual congress of the Armenian Jewelers Association (AJA)
this October.
The jewelry, diamond-processing and watch-making industry development
strategies have been developed in the framework of the government's
industrial policy strategy, which is aimed at boosting the exports
through better management of export potential, the press service said.
-0-
- See more at:
http://arka.am/en/news/economy/armenian_jewelers_association_aja_to_invest_14_mil lion_in_meridian_free_economic_zone/#sthash.jNO4CvAl.dpuf