The Armenian government has given a green light to the creation of a logistic and industrial free trade zone in the city of Gyumri.
The initiative aims to serve the e-commerce logistics warehouses and export-oriented manufacturing processes.
Addressing a cabinet meeting today, Minister of Economy Tigran Khachatryan said “creation of the free economic zone is also expected to promote the direct foreign investments, improve the attractiveness of the country and contribute to sustainable development.”
The FEZ that will be located next to Shirak International Airport is expected to create 13,000 jobs in 10-12 years.
