A large-scale investment program which will restore the reputation of the Armenian textile industry. ‘’Multi Group’’ Concern and a well-known company in Syria,’’Sabbagh Group’’ signed a joint investment contract. It plans to create more than 4,000 workplaces in Armenia’s textile industry over the next five years. The amount of initial investments will exceed 30 million dollars. Ammar Sabbagh chairman of ‘’Sabbagh’’ Group’s executive board stated that they would make a major investment in Armenia, taking into consideration Gagik Tsarukyan’s reputation and his confidence in him.
Over 30 million dollars investment in textile industry
