The Unicum Engineering Company will start producing night vision and thermal imaging cameras in Armenia.

The production will be organized on the territory of the Alliance Free Trade Zone, Minister of Economy Artsvik Minasyan said at the government sitting today.

The company is expected to produce up to 1,000 devises in the first year and increase the number to 5,500 in the future.

“The volume of production is expected to reach $5 mln by 2017 and exceed $12 mln in five years,” the Minister said.

The production will be mostly exported to Russia, he informed.

About $31 mln will be invested within the framework of the program (5 years), 10 new jobs will be created in the first year with an average salary of 150 AMD. The number of jobs is expected to reach 35 with 350 AMD average salary.