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

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

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.