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ARMENIAN PM TOURS MERIDIAN FREE ECONOMIC ZONE TO OBSERVE BUSINESS ACTIVITIES
CISTran Finance
July 11 2014
July 11, 2014 8:30 AM
By Ryan Barnett
Armenian Prime Minister Hovik Abrahamyan recently visited the
Meridian free economic zone to witness jewelry, diamond-processing
and watch-making business organization activities.
A decision was passed on Feb. 27 recognizing the Armenian Jewelers
Association (AJA) as the manager of free economic zone CJSC that began
operating on the site of an estate complex at Kashegortsneri-70 in
the capital of Yerevan.
Abrahamyan toured the estate site, inspecting activities and receiving
briefings on projected actions. During the tour, AJA President
Gagik Gevorgyan said the AJA will spend approximately $14 million in
capital investment to refurbish and upgrade manufacturing facilities,
set up infrastructure and purchase needed equipment, and improve and
landscape the surrounding area.
An estimated 1,200 new jobs will be generated from foreign company
involvement in the zone, with instruments of intent signed with eight
entities from Russia, the U.S., Algeria and Jordan, with the output
to be exported to the U.S., Russia, the UAE, israel, India, Italy,
Thailand, Hong Kong, Austria and Belgium, among others.
Additional talks are ongoing with 12 other foreign companies.
http://cistranfinance.com/industry/armenian-pm-tours-meridian-free-economic-zone-to-observe-business-activities/3856/
CISTran Finance
July 11 2014
July 11, 2014 8:30 AM
By Ryan Barnett
Armenian Prime Minister Hovik Abrahamyan recently visited the
Meridian free economic zone to witness jewelry, diamond-processing
and watch-making business organization activities.
A decision was passed on Feb. 27 recognizing the Armenian Jewelers
Association (AJA) as the manager of free economic zone CJSC that began
operating on the site of an estate complex at Kashegortsneri-70 in
the capital of Yerevan.
Abrahamyan toured the estate site, inspecting activities and receiving
briefings on projected actions. During the tour, AJA President
Gagik Gevorgyan said the AJA will spend approximately $14 million in
capital investment to refurbish and upgrade manufacturing facilities,
set up infrastructure and purchase needed equipment, and improve and
landscape the surrounding area.
An estimated 1,200 new jobs will be generated from foreign company
involvement in the zone, with instruments of intent signed with eight
entities from Russia, the U.S., Algeria and Jordan, with the output
to be exported to the U.S., Russia, the UAE, israel, India, Italy,
Thailand, Hong Kong, Austria and Belgium, among others.
Additional talks are ongoing with 12 other foreign companies.
http://cistranfinance.com/industry/armenian-pm-tours-meridian-free-economic-zone-to-observe-business-activities/3856/