With the help of "Business Armenia", the Chinese "New Yida" company will invest up to $ 5 million in Armenia to establish a new mineral water bottling and production plant. The document was signed by New York CEO Luo Gang and "Business Armenia"'s Business Support Group leader Hayk Mirzoyan.

Yida Group, the founder of "New Yida", is an international multifunctional investment company focusing on various industries.

The company is considering the prospect of acquiring a territory in Litchq community of Gegharkunik province for the construction of the factory. In the cooperation with the Ministry of Energy and Natural Resources of Armenia, the specialists of "Business Armenia' Business Support Group have presented to several mines to Chinese businessmen. The Republican Geological Fund specialists were involved in the research phase of the investment program.

"Our business support team is working on a daily basis with investors to build a mineral water mill and start production. Business Armenia will continue its support throughout the post-investment period, "said Hayk Mirzoyan, head of Business Armenia Business Support Group.

"The quality of Armenia's mineral water assures that production will succeed and there will be no consumption problems. "New Yida" aims to make Armenian mineral water recognizable in the Chinese market. And the investment program will also have a social impact on the neighboring communities, "said "New Yida" CEO Luo Gang.

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