Meghri
About 120 foreign companies will be hosted by the free economic zone, which are expected to invest a total of $350-400 million

The free economic zone in the southern Armenian town of Meghri, bordering Iran, will open on December 15. A relevant decision was taken by the government. 

Economic development and investments minister Suren Karayan said in the second and final stage of development the free economic zone will have 72 hectares of territory.

The free economic zone is estimated to cost $32 million, of which $28 million are capital expenditure. It is said to create 2,500 new jobs and increase Armenian exports by 30%.  According to the government, the main purpose of the free economic zone is to help boost trade and economic relations with Iran and other countries of the region, help the development of the southern Armenian province of Syunik, as well as position Armenia as a link between Iran and members of the Eurasian Economic Union (EEU) and Georgia. 

About 120 foreign companies will be hosted by the free economic zone, which are expected to invest a total of $350-400 million.


Source: arka.am

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