Wednesday, August 13 2025 15:19
Alina Hovhannisyan

Economy Minister presents major investment projects

Economy Minister presents major investment projects

ArmInfo.  Armenian Minister of Economy Gevorg Papoyan believes that Armenia has no issues with investments. He stated this in an interview with  Public Television  of Armenia,  in response to a question about the decrease in  investment volumes in Armenia's  economy, as evidenced by official  data.

The Minister noted that further discussions  in these matters  could  take place  once the final data is received. However, he emphasized  that his opinion is based on several significant investment projects  currently being implemented in Armenia. In this vein, Papoyan  mentioned the Amulsar gold mining project, which is being  implemented, among other things, thanks to American investments. He  mentioned that construction is currently underway and  expressed hope  that the mine will start operating in November.

The second major project is the construction of the solar station  "Ayg-1" by the Emirati company "Masdar". According to Papoyan, there  is already a roadmap in place, and the parties are moving forward,  even ahead of the planned pace. , he said.  Without disclosing details, the minister also noted that Armenia will  collaborate with the Emirati side on several big investment projects.  Additionally, Papoyan announced the upcoming opening of a metal  smelter in the Armavir region. The project was made possible thanks  to Iranian investments. The plant, according to him, will produce  finished complex products.

Note  that according to the Statistical Data of the Republic of  Armenia, the net flow of total foreign investment in the real sector  of the Armenian economy decreased by 14.3% annually  in January-March  2025, reaching a positive $98.1 million (38.4 billion drams) from a  positive $114 million (44.8 billion drams). The net flow of foreign  direct investment (FDI) went from negative $73.3 million (28.8  billion drams) to positive $14.6 million (5.7 billion drams),  increasing 2.2 times year-on-year. At the beginning of the year,  during a press conference, Papoyan stated that a full cycle of the  mine's operation would lead to a 1%  annual growth  in GDP,  generating $120 million in taxes annually, creating numerous jobs,  providing subsidies to communities bordering the deposit. etc. 

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