Delegation of the Dubai International Chamber Visits UMBA

On April 10, the Union of Manufacturers and Businessmen of Armenia (UMBA) hosted a delegation from the Dubai International Chamber. As noted by Sumaya Al Shamsi, Director of International Partnerships at the Chamber, the purpose of their mission to Armenia is to explore on-site the areas in which bilateral economic cooperation can be further developed. According to her, there is significant interest among Dubai-based entrepreneurs in establishing partnerships with Armenian companies. To this end, the Chamber plans to organize a representative event this coming autumn in Armenia, bringing together business operators from both sides.

Prior to the event, areas of mutual interest, opportunities for cooperation, investment potential, and the legal framework will be thoroughly examined. The delegation also plans to hold meetings with representatives of relevant government bodies and the Armenian business community as part of this effort.

Rana Mohammed, Head of Business Promotion Programs at the Dubai International Chamber, presented the Chamber’s structure and main areas of activity, providing an in-depth overview of the international programs currently being implemented.

UMBA Vice President Nerses Karamanukyan presented the mission and operations of the Union. Referring to the established economic ties between Armenia and the UAE, he expressed confidence in the great potential for their further development. In particular, he identified information technology, electronics, agricultural product processing, pharmaceuticals, energy, construction, tourism, and other sectors as promising areas for collaboration.

The parties agreed to maintain regular communication, gather and exchange information on mutual business interests, and continue the dialogue moving forward.
The meeting was also attended by UMBA Vice President Armen Martirosyan, Executive Director Eduard Kirakosyan, Chief Adviser to the UMBA President Hrayr Zoryan, Economic Affairs Officer at the UAE Embassy in Armenia Maria Zalyan, and Ghaia Al Shamsi, Head of Protocol and Logistics Program at the Dubai International Chamber.