Iran – Armenia
“Muqarar Industrial Group” of the Islamic Republic of Iran was the guest of the business meeting and press media held on 2 October, in RA Chamber of Commerce and Industry. The Group is committed to do serious investments in Armenia in various areas, especially in the area of bentonite production. Raw material of Armenian bentonite is one of the best ones in the world and can become the main ingredient of “G-C-L” insulation products. Iranian businessmen are intended to establish modern production particularly on the base of Ijevan bentonite factory.
Executive Director of RA Chamber of Commerce and Industry, President of Yerevan Chamber of Commerce and Industry Mr. Andranik Aleksanyan informed that the Chamber got an intermediary role between investors and authorized persons of factory owners. Academics and industry specialists expressed views on the issue of the press conference. Negotiation phase was successfully launched, RA Chamber of Commerce and Industry and Iranian investor company will sign a Memorandum of Cooperation in the next few days.