ARTOC GROUP INTERESTED IN INVESTING IN ARMENIA

ARKA
March 3, 2010

YEREVAN, March 3, /ARKA/. International company ARTOC Group is
interested in investing in Armenia, its president Shafik Gabr, told
Tuesday in Yerevan during a meeting with Armenian economy minister
Nerses Yeritsian.

The ministry’s press office said it was the first visit of Mr. Gabr
to Armenia. He was quoted as saying that his company wants to choose
a concrete direction or directions of cooperation with Armenia after
conducting a study of available potential.

Nerses Yeritsian briefed him on Armenia’s long-term and short-term
investment and infrastructure projects.

ARTOC group delegation arrived in Armenia March 1 on a three-day
familiarizing visit. They are expected to meet with Armenian president,
speaker of parliament, prime minister and territorial minister.

ARTOC group is an international holding involved in engineering
and consultancy, construction, electrical contracting, real estate
development, publishing, aircraft leasing, art advisory service. Its
head office is in Cairo, Egypt.