ARMINFO News Agency, Armenia
July 13, 2017 Thursday
Chinese company intends to implement large-scale investments in
Armenia`s construction sector and energy sector
Yerevan July 13
Alexander Avanesov. China Machinery Engineering Corporation intends to
implement large-scale investments in Armenia in the construction
sector and energy. The representative of the company James Dong said
on July 13 during a meeting with the Minister of Economic Development
and Investments Suren Karayan.
According to the press service of the RA Ministry of Economic
Development, during the meeting, the guest presented to the minister
the main activities of the company specializing in the construction
and energy sectors. In particular, the company carries out the
construction of power plants, thermal blocks, erects buildings and
builds roads.
Suren Karayan presented the prospects for investment in road
construction and energy. In particular, the minister presented the
program of construction of the transport corridor "North-South". He
also spoke about the advantages of the free economic zone being built
in the Syunik border with Iran.
During the meeting, an agreement was reached that the Director of the
Development Fund of Armenia Armen Avagyan will present the details of
major investment projects to the Chinese company and will be in
constant contact with investors.
To note, the Chinese machine-building engineering corporation
('&Oelig; ') functions since 1978. The Corporation is a group of
companies, the main activity of which is design and construction,
including international trade and research work. As a well-known
international contractor, CMEC ranked 3rd among the top 50 Chinese
enterprises listed by the Ministry of Commerce of China in 2008. For
several years, CMEC has been included in the list of the world's
largest 225 contractors by the well-known US journal Engineering
News-Record. The scope of the company covers about 120 countries on 5
continents.