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Arab Businessmen Show Great Interest In Armenia As Country For Inves

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  • Arab Businessmen Show Great Interest In Armenia As Country For Inves

    ARAB BUSINESSMEN SHOW GREAT INTEREST IN ARMENIA AS COUNTRY FOR INVESTMENTS

    Noyan Tapan
    http://www.nt.am/news.php?shownews=1012732
    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.
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