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Tigran Khachatryan, the Acting Minister of Economic Development and Investments, and ECOS company general director Zarmine Zeytuntsyan on Thursday signed a contract on the organization of the free economic zone (FEZ) in Hrazdan, Armenia. 

This document specifies the functions and duties of the organizer of this FEZ, as well as its correlations with the state.

The activities of this FEZ in Hrazdan town are aimed at the development of high tech in Armenia.

A unique ecosystem is being created based on this FEZ where  several infrastructural services will function in order to draw investments for new emerging projects.

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