The Armenian government on Thursday, February 17 approved the sale of land plots for a new industrial greenhouse complex in the Gegharkunik province. The investment project is set to cost €48 million.

According to Minister of Territorial Administration and Infrastructure Gnel Sanosyan, these are agricultural land plots in Lchashen and Varser communities, with a total area of 51.4 hectares.

Sanosyan noted that as a result of this transaction, AMD 22 million (some €40,000) will be transferred to the community budget.

"The program for the construction of a greenhouse complex will be implemented on the territory of 125 hectares and will cover the lands of the communities of Lchashen and Varser. A large production greenhouse complex and a plant nursery will be built on 45 hectares, while infrastructure will be located on the remaining plot of land," the minister said.

According to him, the project will be implemented within 60 months, during which 350-400 temporary jobs will be created, but once the complex is fully launched, 400-450 people – 70% of them women – will be employed there on a permanent basis.