ARAB BUSINESSMEN SHOW GREAT INTEREST IN ARMENIA AS COUNTRY FOR INVESTMENTS
Noyan Tapan
M arch 5, 2009
YEREVAN, MARCH 5, NOYAN TAPAN. The UAE Minister for Foreign Trade
Sheikha Lubna Al Qasimi, who is on a visit to Armenia at the invitation
of RA Minister of Economy Nerses Yeritsian, took familiarization trips
to Nor Hachn’s diamond manufacturing enterprises and Tsakhkadzor on
March 5.
In Nor Hachn, she was introduced to the current state of Armenia’s
gem and jewelry sector, the technologies of the sector and the
possible directions of its development, the investment and export
opportunities. Then the minister went to Tsakhkadzor where she
familiarized herself with the current state and potential of the
production and processing of agricultural products, investment and
export opportunities, as well as the opportunities of cooperation
and implementation of investment programs in the tourism sector.
N. Yeritsian said that the main purpose of the visit is to develop
short-term and long-term programs that will enable to ensure an
inflow of investments into Armenia from the UAE, a country with a
developed economy.
The minister announced that some agreements have already been reached,
in particular on export of Armenian agricultural products to the UAE.
In the words of businessman Isa Bin Naser, they were unaware that
Armenia has quite a lot of sectors where it is possible to establish
cooperation. He said that during the visit, an agreement was reached to
found joint ventures and develop programs that will promote cooperation
and economic links between the two countries. "We mainly show interest
in agriculture, light industry and tourism. The scope of cooperation
is quite wide so Armenia is of great interest to us – in terms of
investments and its georgaphical location," the businessman said.