Joseph Wassef - an Egyptian-Armenian businessman and the owner of knitwear manufacturing and exporting company Wassef Group - is planning to start a clothing production in Armenia with the aim of creating more than 1000 jobs.

At a meeting with Armenia's minister of economic development and investments Suren Karayan, Wassef said he wants to found a company in the light industry sector.

According to the investor, the Group is specialized in all stages of production - knitwear dying, various types of printing, embroidery, decoration, stitching and packing.

Also, the company supplies products to world-famous brands.

Wassef hailed the Armenian workforce as one of the best in the world, adding that they are capable of creating more than 1000 jobs.