Lebanese businesses to make new investments in Armenia

PanARMENIAN.Net - Lead by the CEO Armen Avak Avakian, the Business Armenia team was on an outreach mission to Lebanon on September 22-26. Within the framework of the visit, agreements on investments have been reached.

This is the third outreach mission to Lebanon. Business Armenia has transferred the previous agreements to a new level of implementation as well as made new connections. The team has met a number of Lebanese businessmen and leaders of partner organizations.

"With every business mission, we renew the old connections. We bring the previous agreements to a practical phase of implementation and attract new investments,” said Avakian.

During the meeting with Business Armenia, the Chairman and CEO of Chedid Capital Holding Farid Chedid stated his plans on opening an Armenian branch of the insurance company. Chedid Capital Holding has branches in 5 different countries in the world.

Also, the CEO of Makytech SARL Karo Mateos Matossian has expressed his interest in investing up to $ 250,000 in the production of plastic molding and industrial machine components in Armenia.

MAC Agrochemicals company is considering to open a branch in Armenia. The company produces fertilizers and pesticides. A number of businessmen will visit Armenia to study the potential of starting new projects right on spot.

"With the support of the official representative of Business Armenia Haroutioun Koundakjian, the Armenian Embassy in Lebanon and Ambassador Samvel Mkrtchyan, our delegation has visited several factories, met the business communities as a result of which we launched new Armenian-Lebanese cooperations,” said the International cooperation manager of Business Armenia, Alina Yeghiazaryan.