Egyptian business people explore prospects for cooperation with Armenian peers

Egyptian business people explore prospects for cooperation with Armenian peers

YEREVAN, June 2. / ARKA /. An Egyptian business delegation, headed by Motaz Raslan, chairman of the Egyptian Development Council, had a meeting with Armenian peers today in Yerevan to explore Armenia’s production and investment opportunities.

The delegation that includes representatives of tourism, furniture manufacturing, food and heavy industries have already visited Georgia as well as the Baltic states.

"We have already visited Georgia, where the Egyptian industry is broadly represented. We hope for mutually beneficial cooperation with Armenian companies as well," said Mr. Raslan.

Chairman of Yerevan Chamber of Commerce, Andranik Aleksanyan, said the purpose of the meeting is to deepen the historical relations between Armenia and Egypt and expand also business relationships. 
According to Aleksanyan, at least three sectors of the Armenian economy - mining and food industries, as well as the IT sector -represent a great interest for Egyptian business people.

He also noted that after joining the Customs Union Armenia will get access to Russian markets that may boost the interest of potential Egyptian investors in Armenia.

The chief of the Armenian Development Agency Robert Harutyunyan came out with a comprehensive presentation of Armenia’s investment attractiveness and its possibilities in connection with its imminent entry into the Customs Union.

According to the latest available data, the trade turnover between Armenia and Egypt in 2012 dropped to $52 million from $66.4 million in 2011. Armenian exports in 2012 rose to $3.1 million from $275,000   in 2011. -0-

15:25 02.06.2014

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