 Wassef Group planning to start clothing production in Armenia November 24, 2017 - 12:50 AMT PanARMENIAN.Net - Joseph Wassef - an Egyptian-Armenian businessman and the owner of knitwear manufacturing and exporting company Wassef Group - is planning to start a clothing production in Armenia with the aim of creating more than 1000 jobs. At a meeting with Armenia's minister of economic development and investments Suren Karayan, Wassef said he wants to found a company in the light industry sector. According to the investor, the Group is specialized in all stages of production - knitwear dying, various types of printing, embroidery, decoration, stitching and packing. Also, the company supplies products to world-famous brands. Wassef hailed the Armenian workforce as one of the best in the world, adding that they are capable of creating more than 1000 jobs.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Related sections Latest news European Parliament to discuss repression in Azerbaijan  The European Parliament will discuss repression of civil society in Azerbaijan on April 24PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |
