SAUDI ARABIA TO EXPLORE ARMENIA’S INVESTMENT POTENTIAL

ARKA
March 14, 2008

YEREVAN, March 17. /ARKA/. Armenian President Robert Kocharyan received
Prince of Saudi Arabia Abdullah bin Abdul Aziz Al Saud and Princess
Amira on Monday. The prince of Saudi Arabia said his country proposes
to explore Armenia’s investment potential focusing on the spheres of
tourism and hotel business.

The prince of Saudi Arabia also said he has warm feelings for the
Armenian people and has many Armenian friends. Kocharyan said Armenia
has warm relations with many Arab countries stressing the importance
of Armenian communities’ constructive role in these relations.

The Armenian President said the spheres in which Saudi Arabia
is interested are priority development sectors for Armenia’s
economy.