YEREVAN – Abdullah Mohamed Al Mazrouei, Chairman of the UAE Federation of Chambers of Commerce and Business (FCCI) and Chairman of the Abu Dhabi Chamber of Commerce and Business, and Vahan Kerobyan, Armenia’s Minister of Financial system, immediately UAE-Armenia Enterprise Discussion board inaugurated within the Armenian capital Yerevan.
4 Memorandums of Understanding (MoUs) had been signed on the discussion board; with three of them between enterprise communities in each international locations and one to ascertain a Enterprise Council between the UAE and Armenia.
The occasion was organized by the FCCI, the UAE Embassy in Yerevan and Enterprise Armenia and attended by Dr. Nariman Al Mulla, UAE Ambassador to the Republic of Armenia, a UAE commerce delegation of roughly 100 representatives of presidency and personal entities, and greater than 200 representatives of Armenian corporations.
In his keynote, Al Mazrouei invited corporations in each international locations to reap the benefits of the alternatives and amenities provided by each international locations, noting that the signing of MoUs with Enterprise Armenia and the Armenian Chamber of Commerce and Business will assist create new funding alternatives and forge a stronger UAE. -Armenian partnership that advantages each international locations.
For his half, the Armenian Minister of Financial system stated that the commerce truthful between the UAE and Armenia exceeded $1 billion, making the UAE considered one of Armenia’s three most essential buying and selling companions, alongside Russia and China.
Within the first seven months of 2023, commerce change between our international locations was valued at $870 million, 3 times as a lot as final 12 months, whereas investments grew by 20 % within the first half of 2023, he added, praising the choice of the UAE to waive pre-entry. visas between UAE and Armenia.
The UAE commerce delegation held a number of conferences with Armenian officers, together with the Deputy Prime Minister, the Minister of Financial system and the Minister of Excessive-tech Business, throughout which they mentioned prospects for enhancing commerce and funding cooperation and launching economic system -stimulating tasks in each international locations. .