Armenia expects to receive more than $13 billion in total investments from the United States, which amounts to approximately half of the country’s GDP, APA reports, citing Bloomberg.
According to the article, $9 billion of the investment will consist of a partnership in the field of nuclear energy for civilian purposes, and the “Metsamor” nuclear facility will most likely be replaced by another plant.
Up to $4 billion of the investment will be directed toward the development of artificial intelligence initiatives, with companies such as Firebird and Nvidia expected to establish large-scale computing infrastructure in 2026.
The article states that these investments will strengthen Armenian Prime Minister Nikol Pashinyan’s position ahead of elections and reduce the country’s dependence on Russia.