International Armored Group (IAG) , a defense equipment supplier, will build an armored vehicle factory in the Industrial Zone of the Black Sea city of Burgas . The first turf for the new factory, which will meet NATO specifications, will be delivered in March. The initial investment will amount to 20 million leva and the local government in Burgas will finance the construction of the necessary infrastructure.
Preparations for the project began in early 2022. The future factory will cover 150,000 square meters. A solar photovoltaic system on its roof will contribute to the factory’s energy efficiency.