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Dubai: DCCI holds UAE-Armenia business forum

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  • Dubai: DCCI holds UAE-Armenia business forum

    AME Info, United Arab Emirates
    April 5 2004

    DCCI holds UAE-Armenia business forum

    The Dubai Chamber of Commerce and Industry held a business forum on
    investment opportunities in the Republic of Armenia earlier today.


    Within the framework of the Forum, DCCI received a large delegation
    of Armenian businessmen headed by Mr. Vahag Movsisyan, Managing
    Director of the Armenian Development Agency.

    'We are delighted to participate in the 'Investment Opportunities in
    Armenia Forum' which aims to attract sufficient investments with the
    aim to activate the economic role of the Republic of Armenia', said
    Mr. Abdul Rahman Ghanim Al Mutaiwee, the Director General of the DCCI
    in his welcoming speech, adding 'Non-oil trade between Dubai and
    Armenia reached around 124 million AED in 2002, about US$ 34
    million'.

    The forum is organized by the Embassy of the Republic of Armenia in
    the UAE, in cooperation with the Federation of Chambers of Commerce
    and Industry in the UAE and the Armenian Development Agency (ADA).

    The aim of this forum is to aid the Armenian government to create and
    develop a cordial system of mutually beneficial industrial relations
    with foreign countries. It also aims to highlight Armenia's potential
    industrial capacities and investment opportunities, provide the basic
    information on the foreign investment protection laws, thus
    consolidating and developing trade relations between Armenia and the
    UAE.

    The main sectors represented in this forum include information
    Technology, technology transfer, pharmaceutical, food processing,
    jewllery manufacturing, chemical, electronic and light industries,
    health business and tourism.
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