Investment Projects, Business Armenia Spring and Mineral Water Production | Page 10

more during summer season. Although few companies have already entered in the bottling of safe potable water and mineralized water, but still a huge gap is there in between demand and supply in all countries. The product is widely accepted in offices, restaurants, railway stations, Importers Hong Kong, China United States of America Russian Federation Canada airport, bus stands, hospitals and to some extent even in rich house-holds. So there is a good scope for establishing the units for processing and bottling plain and mineralized drinking water in different parts of the country. Leading countries in import and export of bottled water are the following: (000 USD) Imported value in 2016 611,284 595,922 80,606 76,651 United Arab Emirates 53,297 Oman 39,005 25,685 18,431 Saudi Arabia Qatar According to the table we see that the top importer countries are not far from Armenia, which means that from the transportation and logistics perspective, Armenia has a competitive advantage over other water export countries. Moreover, as Armenia is a member of Exporters France China Italy Belgium United States of America Germany Fiji Georgia Exported value in 2016 906,531 673,849 545,263 240,511 132,138 114,590 102,520 79,817 Eurasian Economic Union, there is no taxes for exporting goods to EEU member countries, including Russia, which is one of the target markets of the project. 9