YEREVAN. – Armenian Development Agency and Australian expert have elaborated a project of setting up sheep farms, head of the Agency Robert Harutyunyan told the journalists on Tuesday. According to him, it may result in investment offers to set up typical farms in Armenia.

Earlier such a project was elaborated with Iranian partners. On average $1.5 million was required for a slaughterhouse of 5,000 sheep. The main market was Iran and the Arab states. Armenia planned to increase the export to reach the 2.5 million indicator it used to have during the Soviet times, as compared to current export of 600,000-650,000 sheep.

“We are going to invite prospective investors to Armenia to run the business by setting up farms,” Harutyunyan said.