// IP Marketing video - START// IP Marketing video - END

New investments from Lebanon expected in Armenia

New investments from Lebanon expected in Armenia

PanARMENIAN.Net - The delegation of the Development Foundation of Armenia has summed up the results of a Lebanese business mission which yielded agreements on new investments and establishment of production in Armenia.

Gyumri Technology Center and MALIA Group have already signed a document for cooperation after successful negotiations. The Lebanese company has decided to provide software, technology solutions to startups in the Gyumri center.

Several other arrangements are still being discussed.

A Lebanese company, Tony’s Food aims to establish joint production of semi-finished food products in Armenia in order to export them to Russia.

Meptico, meanwhile, has developed a project to produce powder and nutritional supplements for the production of sweets and pastries in Armenia, as well as for exporting the products to the Russian market.

The launch of Mike Sport sportswear and accessories production in Armenia is also under discussion.

Also, the Beirut-based Management and Development International Company aims to invest in projects developed by the DFA.

In the Armenian town of Artashat, Lebanon's Bycop Home Textiles has already established textile production, with the DFA set to support in aftercare services.

 Top stories
Ghalbourjian Group, in particular, aims to start production of vegetable oil and other additives.
The first meeting of the European Union-Armenia Partnership Committee in Trade configuration under the CEPA.
Armenia has been included in the report titled Best European Countries for Business 2018 compiled by the European Chamber.
Armenia has claimed the 68th spot in the rating of the world’s innovative economies and has made it to the list of innovation achievers
Partner news