Dubai Chamber Completes Trade Mission in Yerevan, Facilitating 301 B2B Meetings
Successful Trade Mission Overview
The Dubai Chamber of Commerce has successfully concluded its trade mission to Armenia, marking a significant advancement in enhancing trade relations between Dubai and the Armenian market. This mission, which also included a leg in Georgia, culminated in a notable achievement of 301 business-to-business meetings. These meetings were specifically designed to foster new partnerships and expand trade and investment opportunities between Dubai and Armenian companies.
Business Forum Highlights
As part of the mission, a key event was the ‘Doing Business with Armenia’ forum held in Yerevan. This forum was jointly organized with several local institutions and aimed at showcasing the potential for bilateral trade. Key stakeholders included governmental and industrial organizations, emphasizing the collaborative spirit necessary for fostering international trade relations.
The forum featured a keynote address from the Deputy Minister of Economy of Armenia, who underscored the importance of the trade mission. Additional remarks were made by senior executives, reflecting a unified commitment towards boosting economic collaboration between the two regions.
Participant Engagement
The forum attracted a diverse group of 237 participants, including senior government officials, business leaders, and representatives from local enterprises. These attendees engaged in discussions to identify collaborative opportunities, demonstrating strong interest in potential synergies with members of the Dubai delegation.
Salem Al Shamsi, Executive Vice President of International Relations at the Dubai Chamber of Commerce, 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.” His remarks emphasized the commitment to enhancing Dubai-based companies’ international partnerships, thus contributing to mutual economic growth.
Trade Growth and Opportunities
The trade dynamics between Dubai and Armenia have shown significant progress. Non-oil trade between the two regions surged from AED 14.6 billion in 2023 to AED 25.7 billion in 2024, showcasing an impressive increase of 76%. By mid-2025, approximately 500 Armenian businesses had registered as active members of the Dubai Chamber of Commerce, reflecting a growing interest from Armenian firms to expand into the Dubai market.
Presentations during the forum highlighted the numerous opportunities available for Armenian companies in Dubai’s business landscape. Various sectors were spotlighted, indicating potential pathways for collaboration and investment.
Sector-Specific Insights
Dubai Chamber of Commerce outlined several sectors ripe for export from Dubai to Armenia. These included electronic equipment, motor vehicles and parts, beauty products, nickel, and woven fabrics. This targeted approach reflects an understanding of both markets’ strengths and the potential for increased trade.
In terms of investment, several promising sectors were identified for Dubai-based companies looking to enter the Armenian market. These sectors encompass retail in consumer goods, logistics services, hospitality, travel and tourism, food and beverage, ceramics, glass, and ICT-related consulting services.
Diverse Delegation Representation
The delegation from Dubai comprised representatives from 16 companies operating in a variety of industries. This diverse representation illustrates the broad potential for collaboration across sectors such as automotive, building materials and construction, energy and renewables, food and beverages, healthcare and pharmaceuticals, industrial engineering, chemicals, and logistics.
The engagement and feedback from the Armenian business community reinforced the need for sustained dialogue and collaboration, further enhancing the economic ties between Dubai and Armenia.
Conclusion
The trade mission, with its focus on business-to-business interactions and sector-specific discussions, underscores the commitment of Dubai’s business community to forging strong international partnerships. The outcomes, including an increased number of meetings and significant trade growth, reflect a promising outlook for future collaborations between the two regions.
Published on 1761462537 • Category: News