MOST INTENSIVE FOREIGN INVESTMENT FLOW COMES TO COMMUNICATION SECTOR
ARKA
March 31, 2008
YEREVAN, March 31. /ARKA/. The most intensive foreign investment flow
to Armenia was recorded in communication area at the period between
1998 and 2007.
The outside investments in communication sector make 25.96% of total
investment and 19.83% of direct investments in Armenia’s real sector.
National Statistical Service of Armenia told ARKA News Agency that
$873.4 million has been invested in communication sector.
Of them, direct investments total $470.3 million.
$261.2 million was invested in communications in 2007 alone, $149.4
million as direct investments.
The statistical report says that the second largest target for outside
investments is electricity, gas, hot water and steam production and
distribution – $615.6 million (18.3%), of which $596.4 million (25.15%)
as direct investments. This sector has outdone the communication
sector on direct investments.
Foreign investors have invested a great deal also in mining
industry. They invested $257 million, of which $256.7 million as
direct investments.
$224.8 million ($13.4mln direct investment) was invested in metallurgy,
$223.6mln ($182.7mln direct investments) in food industry.
Besides, $135.9 million was sent to the area connected with air
transport, $114.5 million to hotel and restaurant business, $110.1
million to real estate sector and $105.5mln to car wholesale through
agents.
Other sectors’ cumulative investments were less than $100 million.
Foreign investments in Armenian real sector for 1998/2007 total
$3364.6 million, of which $2372mln are direct investments.
Disclaimer: This article was contributed and translated into English by Toganian Liana. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2008/04/01/most-intensive-foreign-investment-flow-comes-to-communication-sector/