Director of the Armenian Development Agency Robert Harutyunyan said that the first Armenian-Arab business forum held in Yerevan is a result of the two countries’ efforts. There is an agreement that it will be of a continuous nature, Harutyunyan told a press conference in Yerevan on November 3.

According to him, it is proved also by the representative delegation led by Sheikha Lubna Al Qasimi, the Minister of Foreign Trade for the United Arab Emirates.

Projects implemented in Armenia’s infrastructures, including Iran-Armenia road, as well as the project on transferring Jermuk resort into a tourism center and projects in nuclear medicine and energy will be presented to the delegation arrived from the UAE.

“As for trade, the UAE offers to expand the volume of trade turnover with Armenia through presentation of Armenian companies at free trade zones of the UAE,” said Harutyunyan.

The trade turnover between Armenia and the UAE amounted to around USD 130mln in 2006-2009.

A memorandum of mutual understanding between the Armenian Ministry of economy and Ministry of Foreign Trade of the UAE was signed as part of the Armenian-Arab business forum.