"Secret" investor from Lebanon plans to establish production of household appliances in Armenia

ArmInfo. The Minister of  Economic Development and Investments of Armenia, Suren Karayan, on  November 10 received the director for development of the Lebanese  company AC HOLDING. According to the press service of the Ministry of  Economic Development, the company expressed interest in creating an  enterprise for the production of home appliances in Armenia. At the  same time, the agency did not provide either personal data of the  company's representative, neither the volume of investments, nor the  data on the company itself.

It is noted only that Suren Karayan expressed readiness to assist in  the implementation of the project.  An unnamed representative of the  company informed the minister that the work on the acquisition of a  land source for the construction of the enterprise was nearing its  end.  During the meeting, the existing toolkit for investor support  was presented in Armenia. The possibility of providing additional  benefits was also discussed.