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Investors Interested In Zvartnots Airport's Free Economic Zone - Eco

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  • Investors Interested In Zvartnots Airport's Free Economic Zone - Eco

    INVESTORS INTERESTED IN ZVARTNOTS AIRPORT'S FREE ECONOMIC ZONE - ECONOMY MINISTER

    PanARMENIAN.Net
    July 23, 2012 - 15:44 AMT

    PanARMENIAN.Net - Potential investors have already expressed interest
    in opening a free economic zone (FEZ) on the territory of Zvartnots
    airport, Armenian Economy Minister said.

    As Tigran Davtyan told a news conference in Yerevan, "in line with
    an agreement between Economy Ministry and Sitronix Armenia CEO,
    the 1st free economic zone will be launched in Armenia."

    According to the official, Armenia hopes for foreign companies with
    new technologies to be involved in FEZ operations, with foreign
    investments to be attracted for FEZ activities.

    The $10 mln project envisages creation of a 100 000 square meter
    zone with the establishment of export-oriented production as an
    obligatory condition.

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