Armenia pitches ‘dry port’ project to UAE amid search for investors: THIS WEEK IN BUSINESS

📍 Armenia pitched plans to set up a large industrial park and special economic zone in Gyumri to the United Arab Emirates as a search for foreign investors continues.
📍 Interview with the World Bank’s Léa Hakim: • Armenia’s economy at a...
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[@karinegregorian937]

It is difficult to understand: why these projects are collapsing? Because of people managing these projects are pocketing the money and the authorities are not capable of check and balance these projects?!

[@georget.1203]

Instead of agreeing to bad terms on the Solar project with UAE, why doesn't the government reach out to Western Investors? I am sure Armenians abroad would want to invest in such a project.

[@Mr-ed5ep]

Yes and no. Since 1991, a lot of diasporans have been burned trying to invest in what remains of Armenia. So much so, its considered a fools errand at this point. Before any more "projects", how about establishing a non-partisan, non-church or other currupt organization affeliated organization that establishes 100% transparency with the funds. Lets see where the money goes. Lets try to create something Armenians are great at on a local level, but the worst on a "National" level... charity and investment.

[@georget.1203]

@@Mr-ed5ep It is not 1991 and green technology is everywhere now. For energy independence it is a no brainer to have such a thing. They should reach out to the community. Such projects will pay for itself.

[@Mr-ed5ep]

@@georget.1203 you completely missed my point.

[@arm7590]

👍👍👍

[@arthurayva3143]

The goverment should start a bond fund. Where individual investers buy prefered shares in the fund

[@Ak-zx2sj]

Armenin is a poor country, UAE should not waste money there

[@Mr-ed5ep]

They should invest in literacy and spelling for Turkish people . ❤

[@m_r_menian]

I am sure they will take your valuable opinion into consideration. 🙄

[@Mr-ed5ep]

@@m_r_menian maybe they can spare some sheckles for your sense of humor.

[@m_r_menian]

@@Mr-ed5ep Actually it was sarcasm (to the turk) You're funny and sarcastic too! 😊

[@Mr-ed5ep]

@@m_r_menian i could use some sheckles of humor myself obviously.