Armenian Agronest LLC intends to invest 11.1 billion drams (approximately $29 million) in the construction of a state-of-the-art greenhouse for growing tomatoes.
By government decision, the company will take advantage of an import duty exemption as part of an investment program implemented in a priority sector.
The investment funds are planned to be used for the purchase of raw materials and equipment and for construction work.
The investment program plans to create 140 new jobs by 2027. The customs duty exemption is estimated at 550 million drams. ($1 = 371.83 drams).
Source: Arka News Agency
