YEREVAN.- Singapore’s  ST Kinetics engineering company will officially enter the Armenian market this fall, Prime Minister Tigran Sargsyan said on Monday during 4th annual ArmTech Congress 2011. 

ST Kinetics opens a branch in Armenia which will be aimed at creation of research laboratory. According to him, algorithms developed in Armenia will be applied worldwide.

The company plans to annually invest $1-2 million in Armenia in the next 10 years.

ST Kinetics is the land systems and specialty vehicles arm of Singapore Technologies Engineering Ltd (ST Engineering). Its capabilities include the design and development, systems integration, production, operations and support and through life management of a wide range of specialised land systems equipment and specialty vehicles.