Thursday, July 13 2017 16:43
Alexandr Avanesov

Chinese company intends to implement large-scale investments in Armenia`s construction sector and energy sector

ArmInfo. China Machinery  Engineering Corporation intends to implement large-scale investments  in Armenia in the construction sector and energy. The representative  of the company James Dong said on July 13 during a meeting with the  Minister of Economic Development and Investments Suren Karayan. 

According to the press service of the RA Ministry of Economic  Development, during the meeting, the guest presented to the minister  the main activities of the company specializing in the construction  and energy sectors. In particular, the company carries out the  construction of power plants, thermal blocks, erects buildings and  builds roads.

Suren Karayan presented the prospects for investment in road  construction and energy. In particular, the minister presented the  program of construction of the transport corridor "North-South". He  also spoke about the advantages of the free economic zone being built  in the Syunik border with Iran.

During the meeting, an agreement was reached that the Director of the  Development Fund of Armenia Armen Avagyan will present the details of  major investment projects to the Chinese company and will be in  constant contact with investors.

To note, the Chinese machine-building engineering corporation (‘Њ…‘)  functions since 1978. The Corporation is a group of companies, the  main activity of which is design and construction, including  international trade and research work. As a well-known international  contractor, CMEC ranked 3rd among the top 50 Chinese enterprises  listed by the Ministry of Commerce of China in 2008. For several  years, CMEC has been included in the list of the world's largest 225  contractors by the well-known US journal Engineering News-Record. The  scope of the company covers about 120 countries on 5 continents.

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