Kuwaiti businessmen pledge infrastructure investments in Armenia

Zhoghovurd: Kuwaiti businessmen pledge infrastructure investments in Armenia

11:41 * 14.03.15

The paper says it has learned from sources that Prime Minister Hovik
Abrahamyan’s recent trip to Kuwait was motivated by an interest to
attract investments.

With the Government seeking huge funds to avoid an economic crisis
(about $800,000,000-$1,000,000,000, according to the paper’s
estimate), the premier is thought to have made up his mind to
negotiate an investment plan with Kuwaiti sheikhs. Citing its sources,
the paper says that several businessmen have promised to make
large-scale investments in Armenia’s irrigation infrastructures. It
remains to be seen if they will be as good as their word, says the
paper, commenting on the report.