Made by Armenians- 2025 exhibition opened at UAE

ArmInfo. The Made by Armenians 2025 exhibition has opened in the city of Ras Al Khaimah,  United Arab Emirates (UAE), which will include business meetings and cultural events.

As reported by the press service of the Ministry of Economy, the  event was attended by the Minister of Economy of Armenia Gevorg  Papoyan, , Sheikh Saud bin Saqr Al Qasimi, ruler of the Emirate of  Ras Al Khaimah, who took place in Ras Al Khaimah.

Attending were Mr. Mohamed Ali Abdulla Musabbeh Al Nuaim, Chairman of  Ras Al Khaimah Chamber of Commerce and Director of RAK Properties  PJSC, Ambassador of the Republic of Armenia to the UAE Karen  Grigoryan, as well as businessmen, investors and government officials  from Armenia, the UAE and other countries.

During the opening ceremony of the exhibition, Papoyan noted that  Armenia and the UAE are linked by a prosperous and dynamically  developing economic partnership. In particular, he recalled that in  2024, the volume of mutual trade turnover exceeded $5 billion, having  increased more than 2-fold compared to the previous year. According  to the minister, the export of Armenian goods to the UAE has also  increased several-fold, which indicates growing demand and  strengthening of business ties.

, Papoyan said.

It should be noted that according to the RA Statistical Committee,  the foreign trade turnover between Armenia and the UAE in 2024 will  be increased by 2.3 times, providing a volume of $5.3 billion. At the  same time, the lion's share of the turnover comes from exports - $5.2  billion, with growth of 2.4 times over the year, against the backdrop  of import growth by 12% to $82.4 million.