Armenian investments in Dubai totalled approximately $383 million between 2018 and 2024, according to Dubai Chambers. The number of registered Armenian companies has now reached nearly 500, signalling growing confidence in the emirate’s economic landscape and strengthening bilateral trade ties.
Armenian investments in Dubai have reached approximately $383 million between 2018 and 2024, reflecting deepening economic ties and growing confidence in the emirate’s business environment.
The figures were announced by Salem Al Shamsi, Executive Vice President of International Relations at Dubai Chambers, during a trade mission to the Armenian capital, Yerevan, on October 24.
According to Al Shamsi, the number of Armenian companies registered with the Dubai Chamber of Commerce has seen significant growth. In the first half of 2025 alone, 79 new Armenian businesses joined the chamber, bringing the total number of active members to nearly 500.
This influx of companies underscores Dubai’s position as a premier global hub for investment and trade.
The strengthening relationship is further evidenced by bilateral trade figures. Non-oil trade between Dubai and Armenia surged to $7 billion (AED 25.7 billion) in 2024, marking a 76% increase compared to the previous year.
Speaking to the Emirates News Agency (WAM), Al Shamsi stated that the strong growth in Armenian company registrations “reflects increasing confidence in Dubai’s business environment and reinforces the emirate’s position as a global investment hub.”
The trade mission, which ran from October 22-23, included 16 Emirati companies from diverse sectors such as food, agriculture, technology, and manufacturing. The delegation aimed to explore new trade and investment opportunities within the Armenian market.
Al Shamsi highlighted Armenia’s strategic importance, noting its increasing openness to foreign direct investment in key sectors like consumer goods, logistics, hospitality, and ICT.
The announcement comes as the UAE continues to post strong economic indicators, with the IMF projecting robust GDP growth for 2025, driven by a thriving non-oil sector and high investor confidence across various industries. This positive economic climate continues to attract international businesses and capital to hubs like Dubai.
