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ARMENIA AND UAE SHOULD DEFINE JOINT ECONOMIC DEVELOPMENT STRATEGY
ARKA
November 3, 2010
YEREVAN
YEREVAN, November 3, /ARKA/. Shiekha Lubna Bint Khaled Al Qasimi,
minister of foreign trade of the United Arab Emirates (UAE) who heads
a 40-member delegation of Arab businessmen who have arrived in Armenia
for a business forum, said Armenia and UAE should determine a joint
economic development strategy.
~QTime has come to strengthen ties between Armenia and UAE,~R she said
at the opening of the forum, organized by the Armenian Development
Agency (ADA). According to her, last year the trade between the two
countries totaled $70 million. She said both countries have capacities
to increase it substantially.
According to Armenian government data, Armenia~Rs trade with UAE in
2006-2009 amounted to an overall $130 million, including some $28
million of Armenian exports and some $100 million of imports. In 2009
Armenia exported $5.3 million worth goods to UAE and imported $30.7
million worth goods.
Shiekha Lubna Bint Khaled Al Qasimi said her government is keen
to develop active cooperation with Armenia in the area of nuclear
power plant. ~SIn 2002 the demand for electrical power in the UAE is
expected to grow to 40,000 megawatt and development of nuclear power
is a strategic development direction,~R she said.
The Armenian side will present several large projects which are either
underway here or are planned to be launched, expecting UAE~Rs support.
The Arab businessmen will also visit some Armenian provinces to see
their industrial potential and tourist sites.
The UAE delegation comprises 40 public and private sector
representatives from governmental and federal entities, chambers of
industry and commerce, and private corporations.
From: A. Papazian
ARKA
November 3, 2010
YEREVAN
YEREVAN, November 3, /ARKA/. Shiekha Lubna Bint Khaled Al Qasimi,
minister of foreign trade of the United Arab Emirates (UAE) who heads
a 40-member delegation of Arab businessmen who have arrived in Armenia
for a business forum, said Armenia and UAE should determine a joint
economic development strategy.
~QTime has come to strengthen ties between Armenia and UAE,~R she said
at the opening of the forum, organized by the Armenian Development
Agency (ADA). According to her, last year the trade between the two
countries totaled $70 million. She said both countries have capacities
to increase it substantially.
According to Armenian government data, Armenia~Rs trade with UAE in
2006-2009 amounted to an overall $130 million, including some $28
million of Armenian exports and some $100 million of imports. In 2009
Armenia exported $5.3 million worth goods to UAE and imported $30.7
million worth goods.
Shiekha Lubna Bint Khaled Al Qasimi said her government is keen
to develop active cooperation with Armenia in the area of nuclear
power plant. ~SIn 2002 the demand for electrical power in the UAE is
expected to grow to 40,000 megawatt and development of nuclear power
is a strategic development direction,~R she said.
The Armenian side will present several large projects which are either
underway here or are planned to be launched, expecting UAE~Rs support.
The Arab businessmen will also visit some Armenian provinces to see
their industrial potential and tourist sites.
The UAE delegation comprises 40 public and private sector
representatives from governmental and federal entities, chambers of
industry and commerce, and private corporations.
From: A. Papazian