The owner of Armenia International Airports CJSC (Zvartnots), Argentinean Armenian entrepreneur Eduardo Eurnekian plans to set up an IT factory in Armenia, Aravot daily reported citing director general of the airport.

However, Juan Pablo Guechigian proved reluctant to disclose all the details of the initiative, only noting that the microchips issued by the factory will be exported.

According to him, the project will require investments of $50 mln.