Armenian Investments in Dubai Reach $383M, Trade Skyrockets

Dubai remains a magnet for international investments, as Armenian funding soars to an impressive US$383 million from 2018 to 2024. This notable growth highlights increased confidence in the emirate’s vibrant business climate and its appeal as a global investment center.

Looking ahead, 2025 is set to be even more promising, with 79 new Armenian firms enrolling with the Dubai Chamber of Commerce within the first half of the year. This brings the total number of Armenian enterprises registered in Dubai to nearly 500, reflecting the thriving business ecosystem.

This investment boost aligns with a substantial rise in bilateral trade, with non-oil trade between Dubai and Armenia climbing to US$7 billion (AED25.7 billion) in 2024—representing an impressive 76 percent increase from the previous year. Such growth underscores the significant economic partnership and the scope for collaboration between the two regions.

During a recent trade mission to Yerevan held from October 22nd to 23rd, 16 Emirati companies explored opportunities in Armenian markets across vital sectors like food, agriculture, technology, and manufacturing. This initiative aims to enhance business connections, identify investment prospects, and capitalize on Armenia's growing receptiveness to foreign capital.

Experts suggest that Armenia offers strategic opportunities in areas including consumer goods, logistics, hospitality, ICT, and consultancy services, thus making it an appealing marketplace for Emirati investors. The rising investments and trade volume point to a promising future in Dubai-Armenia economic relations.