Arms producer given green light for $6.7 mln investment in Armenia

Emil Lazarian 2019
PanArmenian, Armenia
Feb 21 2019
– 15:02 AMT

PanARMENIAN.Net – Weapons manufacturer Arsenal LTD will invest AMD3.26 billion ($6.7 million) in Armenia and create 200 new jobs.

The government on Thursday, February 21 decided to provide customs privileges to the company for the import of technological equipment, their components and raw materials.

The annual output will amount to AMD 44.4 billion (more than $91 million).

Disclaimer: This article was contributed and translated into English by Emil Lazarian. 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/2019/02/22/arms-producer-given-green-light-for-6-7-mln-investment-in-armenia/

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS