Armenian President Robert Kocharian met Saturday with Prince Alwaleed Bin Talal Alsaud and Princess Amira of Saudi Arabia, the RA President's press office reported.

"Armenia and the Arab states are tied with warm and multilateral relations," President Kocharian said pointing out to activities of the Armenian community.

For part, Prince Alwaleed Bin Talal Alsaud said his country is interested in cooperation with Armenia and is going to study investment opportunities in the spheres of tourism and hotel administration, which are priorities for Armenia's economy.

In conclusion of the meeting, Mr Kocharian said the Armenian government intends to establish strong cooperation with Saudi Arabia.