YEREVAN, MARCH 5, NOYAN TAPAN. The UAE Minister for Foreign Trade Sheikha Lubna Al Qasimi, who is on a visit to Armenia at the invitation of RA Minister of Economy Nerses Yeritsian, took familiarization trips to Nor Hachn's diamond manufacturing enterprises and Tsakhkadzor on March 5. In Nor Hachn, she was introduced to the current state of Armenia's gem and jewelry sector, the technologies of the sector and the possible directions of its development, the investment and export opportunities. Then the minister went to Tsakhkadzor where she familiarized herself with the current state and potential of the production and processing of agricultural products, investment and export opportunities, as well as the opportunities of cooperation and implementation of investment programs in the tourism sector. N. Yeritsian said that the main purpose of the visit is to develop short-term and long-term programs that will enable to ensure an inflow of investments into Armenia from the UAE, a country with a developed economy. The minister announced that some agreements have already been reached, in particular on export of Armenian agricultural products to the UAE. In the words of businessman Isa Bin Naser, they were unaware that Armenia has quite a lot of sectors where it is possible to establish cooperation. He said that during the visit, an agreement was reached to found joint ventures and develop programs that will promote cooperation and economic links between the two countries. "We mainly show interest in agriculture, light industry and tourism. The scope of cooperation is quite wide so Armenia is of great interest to us - in terms of investments and its georgaphical location," the businessman said.

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