Greenhouse company to invest $20 mln in Armenia to expand production in 2017 

ArmInfo. The Greenhouse facilities complex in Shahumyan community in Ararat province of Armenia, with the support of Spayka company, is going to invest $20 mln in expansion of the production in 2017, Karen Karapetyan was informed yesterday during his visit to Ararat region of the Republic.

According to the Government press-service, the complex was created in 2014 in an area of 50 hectares to produce greenhouse tomatoes, and in an area of 30 hectares to produce radish. In 2014-2016, $30 mln was invested in the complex with Spayka company. In 2017 the complex intends to produce 40 thousand tons of vegetables versus 22 thousand a year before.

It was also reported that Spayka's total amount of investments in agricultural production development and transport totaled over $80mln.