Qatar: QBA discusses developing trade cooperation with Armenian PM

Qatar – June 15 2022
Published: 15 Jun 2022 

Doha: The Qatari Businessmen Association (QBA) held a meeting with H E Nikol Pashinyan, Prime Minister of the Republic of Armenia and his accompanying delegation which included the Deputy Prime Minister of Armenia. The meeting was also attended by H E Gegham Gharibjanian, Armenian Ambassador to Qatar. The Prime Minister’s visit was aimed at discussing the cooperation opportunities and developing economic relations between the two countries.

The meeting was also attended by QBA’s First Deputy Hussein Al Fardan, and other Members including Khalid Al Mannai, Maqbool Khalfan, and Youssef Al Mahmoud, as well as QBA Deputy General Manager Sarah Abdallah.

At the beginning of the meeting, Al Fardan welcomed the Armenian Prime Minister and his accompanying delegation, and went on to confirm the importance of the visit in discussing ways of cooperation between the two countries and working to boost economic and trade relations. He also pointed out the interest of Qatari businessmen in identifying possible areas of cooperation in Armenia and the investment opportunities offered.

The Prime Minister also thanked the QBA Members for the meeting, during which he expressed the importance of developing relations between both countries and learn more about the business environment in Armenia and some of the major investment projects that may attract the interest of Qatari businessmen.

Pashinyan also spoke about Armenia’s economic sector, describing it as a resilient economy, and stressing his optimism for what the World Bank figures show, which predicted 3.5 percent economic growth for Armenia in 2022, according to the World Bank Group’s “Global Economic Prospects” report. The report also expects Armenia’s economic growth at 4.6 percent in 2023 and 4.9 percent in 2024.

The Prime Minister also spoke about the most important sectors and investment opportunities in Armenia, as he talked about the tourism and agricultural sectors, which he considers great opportunities for cooperation between the two countries.

During the event, the QBA Members expressed their interest in exploring new international markets and their readiness to identify areas of cooperation in Armenia. They also confirmed their keenness to support and develop bilateral relations in various fields.

Both parties also agreed to organise a visit to study the opportunities closely and learn more about the Republic of Armenia.