ArmInfo. Armenia and Russia are discussing a project to create a copper smelting cluster in Armenia, Armenian Minister of Economy Vahan Kerobyan said on November 4 at a joint meeting of the standing parliamentary committees to discuss the draft state budget for 2022 in parliament.
According to the minister, the project is being discussed within the framework of the Armenian-Russian economic agenda, which includes a number of large investment programs. In particular, the project to create a copper smelting cluster is estimated in the range from $ 500 million to $ 3 billion. The cost of the project, as explained by the head of the Ministry of Economy, varies depending on whether the cluster will include the construction of a new nuclear power plant, or other functions besides the copper foundry. In addition, touching upon , logistics capabilities, which in his words are in poor conditions, Vahan Kerobyan said that with the support of the Association of Free Economic Zones of Russia, Armenia will build three logistics parks for storage and transshipment of goods between the Eurasian Union and Iran. One of these parks will be created in Gyumri (for goods from Europe and the EAEU). The other two will be built in Ararat and in the south of the country (for Iranian companies).
