Dubai Chamber Wraps Up Trade Mission in Yerevan, Facilitating 301 B2B Meetings
Successful Trade Mission
The Dubai Chamber of Commerce has concluded a successful trade mission to Yerevan, Armenia, marking a significant effort in strengthening economic ties between Dubai and Armenia. This mission featured an impressive 301 business-to-business meetings, allowing companies from both regions to explore potential partnerships and investment opportunities.
Business Forum Initiative
A focal point of the mission was a business forum titled “Doing Business with Armenia,” held in Yerevan. The event was organized in collaboration with various local entities, aiming to foster discussions about economic collaboration.
Anushik Avetyan, Deputy Minister of Economy of Armenia, delivered the keynote address, outlining the economic landscape and opportunities for foreign investment within the country. Participants also heard insights from prominent officials including senior representatives of the Dubai Chamber and the Armenian Chamber of Commerce and Industry.
Engaging Attendance
The business forum attracted 237 attendees, comprising senior officials, business leaders, and local company representatives. This gathering provided a platform for discussing avenues for collaboration with members from the Dubai delegation.
Salem Al Shamsi, Executive Vice President of International Relations at the Dubai Chamber, stated, “This trade mission to Armenia represents a significant step in our strategic efforts to unlock the vast potential of the Caucasus region for the business community in Dubai.” He emphasized the Chamber’s commitment to finding strong international partnerships that enhance competitive advantages and foster economic growth.
Growth in Trade Relations
Dubai’s non-oil trade with Armenia has seen remarkable growth, with figures surging from AED 14.6 billion in 2023 to AED 25.7 billion in 2024—a substantial increase of 76%. The Chamber reported that around 500 Armenian businesses had become active members by mid-2025, with a notable 79 companies joining within the first half of that year.
Showcasing Business Advantages
During the forum, the Dubai Chamber highlighted the emirate’s thriving business environment and competitive advantages for Armenian companies. Both Dubai Chamber representatives and local entities presented a range of opportunities for businesses looking to expand into the international market.
Key sectors identified for potential exports from Dubai to Armenia included electronic equipment, motor vehicles and parts, beauty products, nickel, and woven fabrics.
Investment Opportunities
The Dubai delegation identified promising sectors for investment in Armenia among Dubai-based companies. These sectors include retail in consumer goods, logistics services, hospitality, food and beverage, and ceramics, in addition to ICT and consulting services.
The delegation comprised representatives from 16 Dubai-based companies across various sectors such as automotive, construction materials, energy, food and beverages, healthcare, and logistics. This diverse representation underscores the collaborative spirit and commitment to strengthening economic relations between the two regions.
Conclusion
The successful completion of the trade mission highlights the Dubai Chamber of Commerce’s ongoing dedication to enhancing international trade and investment partnerships. As both regions continue to explore collaborative opportunities, the outcomes of this mission are expected to pave the way for future engagements that benefit businesses in Dubai and Armenia alike.
Published on 1761289489 • Category: News