The Armenian Development Fund delegation summarized the results of the Lebanese business mission, according to which arrangements were made for new investments and establishment of production in Armenia. The visit took place on December 12-15, 2017.

Gyumri Technology Center and MALIA Group have already signed a document after successful negotiations. The Lebanese company has decided to give software, technological solutions offers to startups in Gyumri technology center and trust the existing solutions.

Some other arrangements are at the stage of negotiations or discussions. Tony's Food Company aims to establish a joint production of food semi-finished products in Armenia to export to Russia. Meptico has developed a plan for the production of powdered food supplements for sweets and pastries, as well as for export to the Russian market.

At the stage of discussions is the program of the "Mike sports" company to start production of sportswear and accessories in Armenia. "Management and Development International Company" aims to invest in ADF-developed projects.

Byzop home textiles in Byzantine is already setting up textile production in Artashat (business plan is not related to the visit) during which the ADF team has promised to assist with the whole range of its service tools.

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