FEZ development under SMEDA's focus

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06-10-2017

FEZ development under SMEDA's focus

Within SMEDA’s focus areas, and more specifically SMEDA’s commitment to support the development of clusters, techno parks and Free Economic Zones (FEZ) in Armenia leading to  a sustainable economic development of the country, SMEDA has organised the second workshop on FEZ on October 4, 2017 following the initial one held on August 8, 2017.

The workshop focused on FEZ development and the management concept in Armenia in general and outlined a number of specific measures, such as the targeted management principles for FEZ with discussions on required capacities, rules and standards to be developed and adapted in the country. Furthermore, management systems to be adopted by FEZ such as quality management, environmental and occupational health management, service provision, managerial services to be offered by FEZ including advisory training, establishing networking and synergies between the resident companies were highlighted during the workshop. Another important topic was the establishment of knowledge management for FEZ on overall governance regulations and the charter, standardisation of services to companies, coordination between authorities and residents, to name a few.

To suceed with FEZ development through a comprehensive FEZ Management and Development Concept, the stakeholders, represented by the RA Ministry of Economic Development and Investments (MEDI) and managerial staff of the currently operating Free Economic Zones, have started a SWOT analysis at the workshop. The process was guided by SMEDA’s international expert Dr Michael Weber, in order to access the current situation of FEZ in Armenia and to identify future steps to ensure susccessful and sustainable Free Economic Zones in line with international standards.

Moreover, the participants learnt about Hannover Fair 2018 – an excellent opportunity for the Marketing of Armenian FEZ in EU markets, where SMEDA will provide support to Armenian FEZ representatives and SMEs to participate and present business opportunities based on Armenia’s economic and collaboration potential.

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