By Staff Reporter
Armenian investments in Dubai have climbed to about US$383 million between 2018 and 2024, signaling deepening economic relations between the two markets, according to Salem Al Shamsi, Executive Vice President of International Relations at Dubai Chambers.
Al Shamsi revealed that 79 new Armenian companies joined the Dubai Chamber of Commerce in the first half of 2025, bringing the total number of active Armenian members to roughly 500. He said the steady growth reflects Armenia’s increasing confidence in Dubai’s business environment and reinforces the emirate’s standing as a global hub for trade and investment.
Speaking on the sidelines of the Chamber’s trade mission to Yerevan from October 22 to 23, Al Shamsi highlighted the rapid expansion in non-oil trade, which reached US$7 billion in 2024—up 76 percent from the previous year. The figures, he said, demonstrate the strong momentum in bilateral cooperation.
The Dubai Chambers delegation, joined by 16 Emirati companies across sectors such as food, agriculture, technology, and manufacturing, aims to explore new opportunities and strengthen trade partnerships in the Armenian market.
Al Shamsi emphasized Armenia’s growing openness to foreign direct investment, particularly in consumer goods, logistics, hospitality, food and beverages, ICT, and consultancy services. He noted that these sectors hold strong potential for future collaboration between Emirati and Armenian businesses.
News Source: Emirates News Agency
