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The construction works of the he free economic zone in Meghri at Armenia’s southern Syunik Province, in the area bordering the Islamic Republic of Iran, are in the final stage. The first stage of launching the economic zone is slated for December 15, the ministry of economic development and investments reported in a press statement.

Armenia’s Economic Development Minister Suren Karayan visited the construction site and toured the premises on the spot, accompanied by RA PM Chief Aide Gagik Martirosyan, architects, engineers, and the representative of the business community, the ministry said.

According to the source, Minister Karayan familiarized with the ongoing activities and gave corresponding instructions on the course of construction works.

To note, the construction of the economic zone, approved by the government of Armenia, features several stages. At the first stage, it has been planned to construct the area near the Meghri customs checkpoint, thus ensuring the main production and storage areas, which will make the products manufactured in the zone more competitive to find their way into other markets (namely the Iranian market). This will become a platform for strengthening West-East and North-South ties.