ArmInfo.For the first time in Armenia, six financial institutions have signed a $300 million syndicated loan agreement to finance a technology megaproject.
As part of the deal, leading banks - Ardshinbank, Acba Bank, Fast Bank, Evocabank, along with investment institutions Amundi-Acba Asset Management and C-Quadrat Ampega Asset Management Armenia, have joined forces to provide Firebird AI with financing for the construction of the AB Factory in Hrazdan.
Armenian Minister of High- Tech Industry Mkhitar Hayrapetyan made this announcement on his Facebook page. "This direct investment supports not only Firebird AI, but also contributes to the development of Armenia's technology sector, innovation, science, and economy," Hayrapetyan noted in his opening remarks at the agreement signing ceremony.
This project is being translated into practice in a strategic memorandum signed in Washington on August 8, 2025, thanks to the active support of the Armenian and US governments, the efforts of the company's founders, and investments from the Armenian financial and banking community.
The project aims to establish a modern artificial intelligence data center in Armenia based on cutting-edge technological solutions from the American company NVIDIA.
