Monday, May 6 2024 16:55
Alina Hovhannisyan

Large crayfish farming complex to be built in Shirak: volume of  investments totals AMD 300 million

Large crayfish farming complex to be built in Shirak: volume of  investments totals AMD 300 million

ArmInfo. As part of the state program to promote the development of industrial crayfish farming for  2024-2026, the first agreement to build a large crab breeding complex was signed  at the Ministry of Economy, between the representatives of the public and private sectors.  According to the press service of  the Ministry of Economy, the total investment amounted to 300 million drams, of which 50% will be provided by the state.

According to the source, the complex will be built in the village of  Voghchi, Amasya community, Shirak region. The y-o-y production volume  will be 18 tons of crayfish.

The agreement was signed by the Secretary General of the Ministry of  Economy Haykaz Nasibyan, and by Sos Mkhitaryan, the representative of  the "Karine Andranik Torosyan" individual entrepreneur.

Notably, on April 13, 2023, the government approved the Development  Program for Industrial Crayfish Farming in the Republic of Armenia  for 2024-2026. The goal of the program is to promote the introduction  of modern technologies for the industrial cultivation of crayfish in  the republic, the promotion of local production, and the creation of  added value in the republic through partial compensation of  investment costs. According to the project, it is planned to build 12  small, 3 medium and 3 large modern crayfish farming complexes in the  republic.