Businessman Melik Manukyan intends to invest AMD 3,000,000,000 to open a new alcoholic beverages factory, as reported the businessman’s office.

The businessman will establish and launch a completely automated brandy, wine and fruit vodkas factory in line with international standards in the Balahovit village of Kotayk Province. The production stage will be launched in 2020.

“There will be state-of-the-art equipment, and this will provide the opportunity to create competitive products and export them to the global market,” founder of Manukyan Brandy Factory LLC Melik Manukyan said.

The launch of the investment project will help create 37 new jobs and provide residents with an average salary of AMD 260,000. Currently, 30-35 builders are engaged in the construction works.