Armenian Investments in Dubai Hit $383M, Trade Soars

Dubai continues to attract international investors, with Armenian investments reaching an impressive US$383 million between 2018 and 2024. The surge underscores growing confidence in the emirate’s business environment and its status as a global investment hub.

The trend is gaining momentum in 2025, with 79 new Armenian companies joining the Dubai Chamber of Commerce in just the first half of the year. This brings the total number of Armenian businesses registered in Dubai to around 500 active members, reflecting a robust and expanding business presence.

The growth coincides with a sharp rise in bilateral trade. Non-oil trade between Dubai and Armenia jumped to US$7 billion (AED25.7 billion) in 2024, a remarkable 76 percent increase compared to the previous year. This surge highlights the strong economic synergy between the two regions and signals significant opportunities for collaboration.

Dubai’s trade mission to Yerevan from 22nd to 23rd October saw 16 Emirati companies engaging with Armenian markets across key sectors including food, agriculture, technology, and manufacturing. The mission aims to strengthen business ties, explore investment avenues, and leverage Armenia’s growing openness to foreign direct investment.

Experts note that Armenia presents strategic opportunities for sectors such as consumer goods, logistics, hospitality, ICT, and consultancy services, making it an attractive market for Emirati investors. The increasing flow of investment and trade underscores the evolving partnership, suggesting a bright future for Dubai-Armenia economic relations.