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.