“ALLIANCE” FREE ECONOMIC ZONE
“Alliance” free economic zone based on “RAO Mars” CJSC and “The Yerevan Computer R&D Institute” CJSC was established and given the right to operate by the decree N785-A of the Government of the Republic of Armenia of July 18, 2013. “SYTRONICS ARMENIA” CJSC is recognized as the operator of the zone. The free economic zone was launched on August 1, 2013.
“Alliance” free economic zone is oriented to the production and exports of high and innovative technologies in the field of electronics, precision engineering, pharmaceutics and biotechnologies, information technologies, alternative energy, industrial design and telecommunications (elaboration and production of technological equipment, systems and materials for data/information transfer) as well as in the fields producing goods not produced in Armenia.
On August 14, 2013, the Ministry of Economy of Armenia (currently the Ministry of Economic Development and Investments of RA), on behalf of the Government of Armenia, signed a contract with “SYTRONICS ARMENIA” CJSC on operation of the free economic zone established at “RAO MARS” CJSC and “The Yerevan Computer R&D Institute” CJSC.
The duration of free economic zone is 10 years.