Lubna to head delegation 
to Armenia

ABU DHABI — Shaikha Lubna Al Qasimi, Minister of Foreign Trade, will visit Armenia leading a delegation of 50 representatives from governmental and federal entities, chambers of industry and commerce, and private corporations.

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Published: Sun 31 Oct 2010, 11:27 PM

Last updated: Mon 6 Apr 2015, 11:46 AM

The four -day visit, which will begin on November 2nd will explore business and trade relations.

Accompanying her are representatives from the Abu Dhabi Department of Economic Development, the Mubadala Development Company, the Free Zone Authority in Dubai Airport, Sharjah, Fujairah, the Federation of UAE Chambers of Commerce and Industry, and a number of UAE SME-related organizations, entrepreneurs, local banks, and construction, real-estate, communications and pharmaceutical companies.

The visit aims at boosting UAE-Armenian commercial cooperation and promoting the economic, commercial and investment opportunities that are available in the UAE.

Shaikha Lubna said that this visit comes within the framework of boosting the commercial and economic partnership that exists between the UAE and Armenia, increasing foreign investments and expanding the private sector’s participation.

She said that although commercial cooperation between the two nations is currently limited at Dh256 million in 2009, the rapid economic growth witnessed in both countries and the many available investment opportunities present therein, makes it possible to greatly increase the volume of commercial exchange and investments and develop economic cooperation between both countries to new levels.

Shaikha pointed out to the importance of searching for new mechanisms to encourage commerce between both countries especially that Armenia has an emerging and open-market economy that is in need of capital and consumer goods, especially electronic appliances.

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