200 jobs to be created in arms and ammunition production sector in Armenia

YEREVAN, FEBRUARY 21, ARMENPRESS. The Armenian government has granted customs privilege to the Arsenal Ltd. for the import of technological equipment, their components and raw material within the frames of the ongoing investment program in the priority sector, reports Armenpress.

During today’s Cabinet meeting minister of economic development and investments Tigran Khachatryan said the goods imported by the company will be used in the production of arms and ammunition.

Within the frames of the program it is planned to invest 3 billion 26 million drams, create 200 new jobs with 250.000 average salary.

The total annual production volume will comprise 44 billion 400 million drams.

Edited and translated by Aneta Harutyunyan