Modern greenhouse crop production development

Outside view of greenhouse at the foot of the mountain

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Modern greenhouse crop production development
Modern greenhouse crop production development
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Food and Agriculture
Business Model Description

Invest in small- and medium-size greenhouses by farmers and commercial firms, as well as large-scale industrial greenhouses by large investors or corporations for crop production, focusing on greenhouses equipped with advanced and sustainable technological solutions.

Expected Impact

Boost crop production via modern sustainable and efficient technologies, and ensure steady supply of vegetables, fruits and flowers for local consumption and export.

How is this information gathered?
Updated: 9 Aug, 2021 Date of Production: 1 Jun, 2021
Armenia
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
20% - 25% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
Over 350,000 ha of land are available for modern greenhouse productions.
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 500,000 - USD 1 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Zero Hunger (SDG 2)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Clean water and sanitation (SDG 6) Decent Work and Economic Growth (SDG 8) Industry, Innovation and Infrastructure (SDG 9)

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Sector Sources
  • 1) Government action program 2019-2023, https://www.gov.am/am/Five-Year-Action-Program. 2) National strategy and action program to combat desertification in the republic of Armenia, Ministry of Nature Protection of Armenia, http://www.mnp.am/uploads/1/1551885091anapat_eng-1.pdf. 3) Ministry of Agriculture, www.minagro.am/պետական-օժանդակության-ծրագրեր. 4) State Cadaster Committee, Armenia, https://www.cadastre.am. 5) FAO, Food Waste and Loss in Armenia, http://www.fao.org/3/a-au842e.pdf. 6) World Bank, Development Indicators, https://data.worldbank.org/indicator/NV.AGR.TOTL.ZS?locations=AM&view=chart. 7) Statistical Committee of Armenia, Labor Market in Armenia, 2019. 8) Statistical Committee of Armenia, Food Security and Poverty in Armenia, 2019, https://www.armstat.am/am/?nid=82&id=2125. 9) Intended Nationally Determined Contributions of the Republic of Armenia under the UN Framework Convention on Climate Change (UNFCCC), https://www4.unfccc.int/sites/ndcstaging/PublishedDocuments/Armenia%20First/INDC-Armenia.pdf. 10) Statistical Committee of Armenia, Environmental Statistics of Armenia, 2018, https://www.armstat.am/file/article/eco_booklet_2018.pdf. 11) The Strategy of Main Directions of the Development of Agriculture of Armenia 2020-2030, https://mineconomy.am/en/page/1467. 12) FAO AQUASTAT, http://www.fao.org/AQUASTAT/en.
IOA Sources
  • 21) UNDP interviews with stakeholders, 2019. 22) Agro-investment Guide Armenia, https://www.eda.admin.ch/dam/countries/countries-content/armenia/en/Investment%20Guide.pdf. 23) State Cadaster Committee, Armenia, https://www.cadastre.am/storage/files/pages/pg_4062968307_22.pdf. 24) Export supply chain of greenhouse crops: Armenia, G. Gabrielyan, 2016, International Finance Corporation. 25) Statistical Committee of Armenia, Annual Reports on Foreign Trade, https://www.armstat.am/am/?nid=82&id=2076. 26) Cadaster Committee of Armenia, 2019, https://www.cadastre.am/storage/files/pages/pg_7311379278_2019NaxnHanr_bal1.pdf. 27) Voluntary National Report (VNR) of Armenia, for the UN High-level Political Forum on Sustainable Development, 2018. 28) Tax Code, https://www.arlis.am. 29) Government Decision 1612-L of 14 November 2019, https://www.arlis.am.