One of Our Members, Richel Group, Supports Green Solutions LLC, Which Has Invested USD 10 Million to Expand Its Greenhouse in Armenia, Creating 76 New Jobs

We are proud to announce that our member, Richel Group, is playing a key role in supporting the expansion of Green Solutions LLC in Armenia. Green Solutions LLC is investing 3.9 billion drams in the construction of a modern greenhouse complex in the village of Lchashen, located in the Gegharkunik Province. This initiative will create 76 new jobs, further strengthening the company's positive economic impact on the region.

Over the past three years, Green Solutions LLC has already invested more than USD 48 million in its existing greenhouse facilities, creating more than 400 jobs in Gegharkunik Province, Armenia. The greenhouse complex covers a total area of 115 hectares, including 45 hectares of greenhouse facilities and a 2.7-hectare industrial nursery. Green Solutions produces 12,000 tonnes of vegetables annually, 80% of which are exported.

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