Tuesday, April 20 2021 13:16
Alina Hovhannisyan

Large industrial parks will be built in the Armenian cities of  Abovyan, Gyumri, Ararat and Meghri

Large industrial parks will be built in the Armenian cities of  Abovyan, Gyumri, Ararat and Meghri

ArmInfo. In the difficult post-war period, the Ministry of Economy of Armenia set a course for the industrialization of the economy. This was stated by the Minister  of Economy Vahan Kerobyan in an interview with Public Television.

In this context, he noted that there will be 4 large industrial parks  in Armenia, which will be built within the framework of cooperation  between the public and private sectors. Parks will appear in Abovyan,  Gyumri, Ararat and Meghri.

The Minister explained that these will be large production areas with  good infrastructure, where investors from different countries will be  able to quickly launch their production. In this context, he cited  the example of Iran, which, due to current restrictions, does not  have the opportunity to enter the market of many countries. However,  producing their products in Armenia, according to Kerobyan, the  opportunities of Iranian entrepreneurs will expand.

In addition, the Minister stressed that industrial parks will open up  good opportunities for European companies in terms of entering the  Eurasian market. At the same time, the minister assured that due to a  number of advantages, investors will be interested in these projects  and will necessarily be involved in the work of industrial parks.

At the same time, he said that construction work has already begun in  the city of Abovyan by the private sector. At the first stage, about  20 million US dollars will be spent. A memorandum of understanding  has already been signed between the investor and the state  represented by the Ministry of Economy. Soon, agreements will be  signed in the free trade zone in Meghri, where the necessary work has  already been carried out by the state, the remaining part, according  to the minister, will be carried out by investors who will be  involved in the project. With regard to Gyumri, Kerobyan noted that  the creation of the so-called national park is being considered. <  Dry Port>, which is an industrial park, with developed road  communications, including rail. For the successful implementation of  this project, a specialist from England, who has extensive experience  in the successful implementation of such initiatives, was invited to  Armenia.

It should be noted that a working meeting of the Russian Trade  Representative in the Republic of Armenia Anna Donchenko and the  Deputy Minister of Economy of the Republic of Armenia Narek Teryan  took place at the Russian Trade Mission in Armenia a few days  earlier. They discussed the issues of attracting Russian enterprises  to the location in the industrial park being created in  Armenia, as well as in the planned logistics center < Dry Port> in  Gyumri. 

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