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$120 million to be invested in Armenian agriculture

$120 million to be invested in Armenian agriculture

PanARMENIAN.Net - Around $120 million will be invested in the agricultural sector of Armenia in 2017, the Ministry of Agriculture said in a statement following the meeting of Minister Ignati Arakelyan, deputy ministers and representatives of the sector.

“Summing up the work done, we can state that projects worth some $120 million will be implemented in the sector in 2017,” Arakelyan said.

“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms, ramp up brandy production among other things.”

Arakelyan said regional development projects will be implemented too.

A number of other issues were also discussed during the meeting.

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