ARMENIA INTERESTED IN DEEPENING ECONOMIC COOPERATION WITH EGYPT

Noyan Tapan
March 3, 2010

YEREVAN, MARCH 3, NOYAN TAPAN. On March 3 Armenian President Serzh
Sargsyan received Chairman of ARTOC Group (Egypt) Shafik Gabr. The
group is famous for its investment projects in developing countries
of the Middle East, Asia, and North America.

The press service of the RA president reports that issues related
to ARTOC’s initiative to implement investment programs in various
sectors of Armenian economy were discussed at the meeting.

Shafik Gabr considered the Armenian market attractive to direct
foreign investment. He presented the investment proposals that their
Group intends to carry out in Armenia.

S. Sargsyan said Armenia encourages foreign investments in the
country’s economy and is interested in deepening cooperation with
Egypt in various spheres, including economy.