President's visit bears fruit: UAE companies ready to invest in Armenia

President's visit bears fruit: UAE companies ready to invest in Armenia

PanARMENIAN.Net - In the framework of his official visit to the United Arab Emirates, President Serzh Sargsyan on Thursday, November 10 met with the heads of a number of the investment and development companies who expressed interest in investing in Armenia.

The parties noted with satisfaction the friendly relations of Armenia with the Arab world and the UAE in particular, dwelling upon the high-level political dialogue which, according to them, so far doesn’t correspond to the current level of trade and economic relations. They agreed that there is a great potential for the development of relations in that area and that it is necessary to work persistently in that direction.

Armenian President's visit to the UAE and fruitful meetings with the highest political leadership of the country, according to the representatives of the Emirates’ investment and development companies, testify to the mutual will and readiness to invigorate the Armenia-UAE relations also in the sector of trade and economy. They assured that they are greatly interested in Armenia’s investment policies and clear-cut programs and were ready to discuss the South Caucasus country's priorities in different areas, to visit Armenia, study the conditions firsthand, and move negotiations forward.

The President told the Chief of the Presidential Administration and the Minister of Economic Development and Investments present at the meeting to continue close cooperation with the companies interested in the investment programs and to introduce to them the projects which are within the scope of their business interests.

Also, President Sargsyan said the Armenian side has prepared investment packages which remain in the focus of his immediate attention. He said that he will welcome and provide all necessary assistance to the investors from Emirates who will be prepared to make investments in different areas of the Armenian economy, while major investments will receive a preferential treatment.

 Top stories
According to Vahan Kerobyan, a sharp decline in the travel industry was recorded last year, but now the situation has changed
Mher Grigoryan added that the government will ensure that the borrowed funds are spent efficiently.
Wizz Air Abu Dhabi will be regularly flying from the Armenian capital of Yerevan to Abu Dhabi, UAE.
“It’s a speculation, we can neither comment or react to it,” an Diana Gazinyan from HSBC Armenia said.
Partner news