Yerevan to host event with participation of Armenian, UAE businessmen  next autumn

ArmInfo. Armenia and the United Arab Emirates are exploring opportunities for developing bilateral cooperation. This issue was the focus of the participants of the meeting of members of the Union of Industrialists and Entrepreneurs of the Republic of Armenia (UIE) with the delegation of the Dubai International Chamber held in Yerevan the day before.

According to the UIE report, during the meeting, Director of  International Partnerships of the Dubai International Chamber Sumaya  Al Shamsi noted that the main goal of their mission to Armenia is to  get acquainted with the areas in which bilateral economic cooperation  can develop. According to her, there is great interest among  businessmen representing Dubai in cooperation with Armenian  companies, for which purpose a representative event with the  participation of businessmen from both sides is planned to be  organized in Yerevan next fall. Prior to this, areas of mutual  interest, cooperation opportunities, investment potential and the  legal framework will be studied. The delegation plans to hold  meetings with various specialized structures and representatives of  the business community.

In turn, Vice President of the UAE Nerses Karamanukyan, speaking  about economic ties between Armenia and the UAE, expressed confidence  in the existence of great potential for their further development. In  particular, he indicated the spheres of information technology,  electronics, processing of agricultural products, pharmaceuticals,  energy, construction, tourism and others as promising areas.

The parties agreed on regular contacts, collecting information on  mutual interests of business circles, as well as exchanging necessary  information. Let us recall that earlier, the Minister of Economy of  the Republic of Armenia Gevork Papoyan reported that in 2024, the  trade turnover between Armenia and the UAE exceeded $5.7 billion.

Meanwhile, according to the data of the Statistical Committee of the  Republic of Armenia, in January- February 2025, there was a  deterioration in the dynamics of exports of Armenian goods to the UAE  by several times - up to 81.9% with an accelerated growth in imports  of goods from the UAE from 30.7% to 82.1%, the values of which  amounted to $226.1 million and $147.7 million, respectively.