President met with the heads of the UAE investment and development companies of the UAE

In the framework of his official visit to the United Arab Emirates, President Serzh Sargsyan met today with the heads of a number of the investment and development companies.

The parties noted with satisfaction the existing friendly relations of Armenia with the Arab world and the UAE in particular, spoke about the high level political dialogue which, according to them, unfortunately so far doesn’t correspond to the current level of the trade and economic relations. According to the parties, there is great potential for the development of the relations in that area and it is necessary to work persistently on that direction.

Visit of the Armenian President to the UAE and fruitful meetings with the highest political leadership of the country, according to the representatives of the Emirates’ investment and development companies, testify to the mutual will and readiness to invigorate the Armenia-UAE relations also in the area of trade and economy. They assured that were greatly interested in Armenia’s investment policies and clear-cut programs and were ready to discuss in that context Armenia’s priorities in different areas, to visit Armenia, to study the conditions firsthand, and to move the negotiations forward.

The President tasked the Chief of the Presidential Administration and the Minister of Economic Development and Investments present at the meeting to continue close cooperation with the companies interested in the investment programs and to present to introduce to them the projects which lie within the scope of their business interests.
President Sargsyan informed his interlocutors that the Armenian side has prepared investment packages which remain in the focus of his immediate attention. He said that he will welcome and provide all necessary assistance to the investors from Emirates who will be prepared to make investments in different areas of the Armenian economy, while the major investments will receive a preferential treatment.