The Armenian government has adopted decisions to grant permission for import duty exemptions within the framework of a priority investment program.

The investment program submitted by Firebird AI aims to establish in Armenia the region’s most powerful supercomputer and data center, specializing in artificial intelligence solutions and high-performance computing.

The main areas of activity will include data processing, server hosting services, and cloud infrastructure maintenance.

The project will be implemented in Kotayk Province, with total investments of around 170 billion drams, including 5.7 billion drams for construction works, 139.8 billion drams for fixed asset acquisition, and 24.5 billion drams for raw material procurement.

The value of goods eligible for exemption amounts to 26.9 billion drams (around $72.5 million). The customs duty exemption is estimated at 2.6 billion drams.

Last year, AI startup Firebird Inc. received approval from the U.S. government to export Nvidia Corp. chips to Armenia for a supercomputer project.