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YEREVAN. – Armenia’s Armelectromash Company President Seyran Matevosyan and Iran’s Khorasan Agricultural Industry Company Executive Director Hadi Abdollahian signed, in the Armenian capital Yerevan on Tuesday, the agreement on founding an Armenian-Iranian joint enterprise.      

According to the agreement, deep liquid-drainage pumps will be manufactured at the Armelectromash Company, the Armenian Chamber of Commerce and Industry informs.   

And the Chamber’s President Martin Sargsyan assured that, aside from creating numerous new jobs, Armenia will have a new domestic product, which will venture into the foreign market and also will carry out local orders in Armenia.

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