Sheikh Saud holds talks with Armenian Deputy Prime Minister

During the meeting, they reviewed bilateral relations between Ras Al Khaimah and Armenia and discussed ways to further bolster mutual cooperation. Both the leaders examined opportunities for strengthening cooperation in trade and investments and reviewed the progress in the implementation of various bilateral partnerships initiated between Armenia and Ras Al Khaimah.

"It is very encouraging to see that bilateral relations between Ras Al Khaimah and Armenia have been on the upswing in recent years as a result of frequent high- level visits and closer interaction between the business communities. The progress we have achieved has to be carried forward and I believe there is tremendous opportunity for further enhancing the scope of business and investment partnerships,"

Sheikh Saud said.

Armen Gevorgyan hailed the rapid development of business ties between Ras Al Khaimah and Armenia and said that his country greatly valued the development of closer ties with Ras Al Khaimah, including greater interaction between business communities of the two regions.

RAK Minerals and Metals Investments (RMMI) had last year announced the acquisition of Armenian mining firm TSCC Armenia and plans to set up a concentrate plant in the country. Other Ras Al Khaimah- based entities have also evinced interest to venture into property, real estate, construction and other sectors in Armenia.

Sheikh Omar bin Saqr Al Qasimi, Chairman of RAK Ruler's Private Affairs Department, Sheikh Faisal bin Saqr Al Qasimi, Chairman of RAK Finance Department and RAK Free Trade Zone, Sheikh Salem bin Sultan Al Qasimi, Chairman of RAK Civil Aviation, Dr. Khater Massaad, Advisor to RAK Crown Prince and CEO of Ras Al Khaimah Investment Authority (RAKIA), and a number of officials were present at the meeting.

For further information:
K R Rajeev
Media and Communications Office
Government of Ras Al Khaimah
Off: 0097172289421