MOST INTENSIVE FOREIGN INVESTMENT FLOW COMES TO COMMUNICATION SECTOR
ARKA
March 31, 2008
YEREVAN, March 31. /ARKA/. The most intensive foreign investment flow
to Armenia was recorded in communication area at the period between
1998 and 2007.
The outside investments in communication sector make 25.96% of total
investment and 19.83% of direct investments in Armenia’s real sector.
National Statistical Service of Armenia told ARKA News Agency that
$873.4 million has been invested in communication sector.
Of them, direct investments total $470.3 million.
$261.2 million was invested in communications in 2007 alone, $149.4
million as direct investments.
The statistical report says that the second largest target for outside
investments is electricity, gas, hot water and steam production and
distribution – $615.6 million (18.3%), of which $596.4 million (25.15%)
as direct investments. This sector has outdone the communication
sector on direct investments.
Foreign investors have invested a great deal also in mining
industry. They invested $257 million, of which $256.7 million as
direct investments.
$224.8 million ($13.4mln direct investment) was invested in metallurgy,
$223.6mln ($182.7mln direct investments) in food industry.
Besides, $135.9 million was sent to the area connected with air
transport, $114.5 million to hotel and restaurant business, $110.1
million to real estate sector and $105.5mln to car wholesale through
agents.
Other sectors’ cumulative investments were less than $100 million.
Foreign investments in Armenian real sector for 1998/2007 total
$3364.6 million, of which $2372mln are direct investments.