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UAE Intends To Increase Investments In Armenian Economy

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  • UAE Intends To Increase Investments In Armenian Economy

    UAE INTENDS TO INCREASE INVESTMENTS IN ARMENIAN ECONOMY

    news.am
    Nov 3 2010
    Armenia

    Businessmen from the United Arabic Emirates take interest in purchasing
    real estate in Armenia, investments in industry and hotels, Gagik
    Makaryan, Executive Director of Union of Manufacturers and Businessmen,
    told NEWS.am.

    He noted that in the course of the Armenian-UAE business forum held
    in Yerevan 5-6 businessmen will work with each Arabic entrepreneur.

    According to him, Armenia has already presented 15-20 business
    projects. Makaryan stressed that the sides plan to sign cooperation
    agreements on construction and light industry. He also added that
    Armenia is of great interest to foreign businessmen as it is a CIS
    member and obtains certain trade and tax concessions. Working with
    Armenia, foreign businessmen can enter markets of other CIS states
    on easy terms.




    From: A. Papazian
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