Haik-21 LLC is now included in the register of operators of FEZ «Alliance» for 5 years. The company plans to start the production of motor oils and lubricants in Armenia. The investment in the program will amount to about 980 million AMD. The company will have a production area of about 2000 square meters in the free economic zone «Alliance». The program will create about 30 new jobs with an average salary of 250,000 to 350,000 drams.

The Free Economic Zone Alliance specializes in the production and export of high-tech and innovative technologies in the fields of electronics, precision engineering, pharmaceuticals and biotechnology, information technology, alternative energy, industrial design, and telecommunications (design and production of technological equipment, systems, and materials for data/information transmission), as well as production of goods not produced on the territory of the Republic of Armenia.

In addition to «Alliance», in Armenia, there are two more FEZ: «Megri» and «Meridian». The activity of FEZ is already legally enshrined in the EAEU Customs Code. In total, 7 such zones will operate in the system of duty-free trade in the EAEU. 

The details can be found on the website of the Ministry of Economy of RA: https://mineconomy.am/page/360