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ARMENIA, UAE EXPLORE NEW HORIZONS FOR COOPERATION
armradio.am
15:26 06.11.2012
tH. H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and
Ruler of Ras al-Khaimah received today at Al Dhait Palace, Armen
Gevorgyan, Vice Prime Minister of the Republic of Armenia and Minister
of Territorial Administration.
Sheikh Saud stressed UAE's keenness to boost bilateral relations and
enhance cooperation with Armenia in all fields for the benefit of
the two friendly countries as well as developing economic, investment
and trade ties.
During the meeting, the two sides discussed the existing relations
between the two countries in all domains and ways of developing them,
including joint investment and exchange of expertise.
For his part, the Armenian Vice Prime Minister hailed the cultural
renaissance witnessed by UAE in general and Ras al-Khaimah in
particular in all fields, affirming that the existing relations
between the two countries will witness more development in a number of
investment partnerships and other fields through encouraging business
sector in both countries to establish joint projects.
He also pointed at the investment opportunities and facilities that
the Armenian government provides for Emirati investors as well as
the plans for the economic development in the coming stage.
Sheikh Saud received an invitation to visit Armenia and the date of
the visit will be announced later.
Armen Gevorgyan had a meeting with Sheikha Lubna bint Khalid Al Qasimi,
Minister of Foreign Trade. The parties discussed the strengthening
of economic and investment relations between the UAE and Armenia and
promoting joint investments in various fields.
The meeting also centered on the need to explore new horizons for
investors from both the UAE and Armenia in order to better utilize
the strong bilateral relations and signed economic agreements the
two countries enjoy.
During the meeting, Sheikha Lubna said that the UAE is witnessing
rapid growth in various fields, which is in turn having its positive
impact on the country's trade exchange, placing it at unprecedented
positions in trade and investment indices, which is in line, she added,
with the government strategies and goals that that were put in place
to strengthen the UAE's standing in the global trade map.
Sheikha Lubna invited Armenian companies to invest in the UAE and
benefit from its available opportunities, especially with regards to
making it their entry point into many neighboring regional markets,
adding that the UAE is geographically and strategically well positioned
as a transit trade hub between east and west and that it has flexible
investment and economic legislations and excellent incentives and
advantages such as its modern infrastructure, high consumption and
income rates, advanced logistical support and the presence of a
sophisticated and wide spanning air, land and maritime network that
adopts the best global standards.
For his part, Gevorgyan emphasized the importance of the UAE market
for Armenian companies, expressing his hope for strengthening and
expanding Armenia's commercial and investment ties with the UAE,
in light of the advanced standing enjoyed by the UAE and its unique
developmental approach and philosophy, adding that his government looks
forward to welcoming UAE investors to invest in Armenia's sectors
that are witnessing rapid growth, especially that the consumption
rate there is witnessing exponential growth.
Trade between the UAE andArmenia has witnessed noticeable growth
over the past two years, increasing by 6 percent from 2010 to 2011,
with the UAE contributing 97 percent of the two country's bilateral
trade during that period.
armradio.am
15:26 06.11.2012
tH. H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and
Ruler of Ras al-Khaimah received today at Al Dhait Palace, Armen
Gevorgyan, Vice Prime Minister of the Republic of Armenia and Minister
of Territorial Administration.
Sheikh Saud stressed UAE's keenness to boost bilateral relations and
enhance cooperation with Armenia in all fields for the benefit of
the two friendly countries as well as developing economic, investment
and trade ties.
During the meeting, the two sides discussed the existing relations
between the two countries in all domains and ways of developing them,
including joint investment and exchange of expertise.
For his part, the Armenian Vice Prime Minister hailed the cultural
renaissance witnessed by UAE in general and Ras al-Khaimah in
particular in all fields, affirming that the existing relations
between the two countries will witness more development in a number of
investment partnerships and other fields through encouraging business
sector in both countries to establish joint projects.
He also pointed at the investment opportunities and facilities that
the Armenian government provides for Emirati investors as well as
the plans for the economic development in the coming stage.
Sheikh Saud received an invitation to visit Armenia and the date of
the visit will be announced later.
Armen Gevorgyan had a meeting with Sheikha Lubna bint Khalid Al Qasimi,
Minister of Foreign Trade. The parties discussed the strengthening
of economic and investment relations between the UAE and Armenia and
promoting joint investments in various fields.
The meeting also centered on the need to explore new horizons for
investors from both the UAE and Armenia in order to better utilize
the strong bilateral relations and signed economic agreements the
two countries enjoy.
During the meeting, Sheikha Lubna said that the UAE is witnessing
rapid growth in various fields, which is in turn having its positive
impact on the country's trade exchange, placing it at unprecedented
positions in trade and investment indices, which is in line, she added,
with the government strategies and goals that that were put in place
to strengthen the UAE's standing in the global trade map.
Sheikha Lubna invited Armenian companies to invest in the UAE and
benefit from its available opportunities, especially with regards to
making it their entry point into many neighboring regional markets,
adding that the UAE is geographically and strategically well positioned
as a transit trade hub between east and west and that it has flexible
investment and economic legislations and excellent incentives and
advantages such as its modern infrastructure, high consumption and
income rates, advanced logistical support and the presence of a
sophisticated and wide spanning air, land and maritime network that
adopts the best global standards.
For his part, Gevorgyan emphasized the importance of the UAE market
for Armenian companies, expressing his hope for strengthening and
expanding Armenia's commercial and investment ties with the UAE,
in light of the advanced standing enjoyed by the UAE and its unique
developmental approach and philosophy, adding that his government looks
forward to welcoming UAE investors to invest in Armenia's sectors
that are witnessing rapid growth, especially that the consumption
rate there is witnessing exponential growth.
Trade between the UAE andArmenia has witnessed noticeable growth
over the past two years, increasing by 6 percent from 2010 to 2011,
with the UAE contributing 97 percent of the two country's bilateral
trade during that period.