35 foreign representatives of Business Armenia in 24 countries have secured investment memoranda of USD 14 million so far.

The company said that the data was summed up on the 1-year activity of the foreign representatives.

The investments attracted by the U.S. and Canadian representatives will be allocated to Armenia’s real estate and hotel business sectors. For now, business plans are being developed.

Several Armenian companies have signed contracts for export or outsourcing owing to the efforts of the representatives in Finland, Poland, France, USA and Lebanon.

Outbound business missions were organized with the assistance of representatives from Lebanon, US, Canada, Switzerland, UAE, Portugal, France, Egypt, Lithuania, China. The missions included conferences and B2B meetings between Armenian and foreign companies, and business arrangements were reached.

“Foreign Representatives of Business Armenia also make a great job in a daily routine by introducing our investment climate to business circles, making Armenian products recognizable. They work pro bono and receive no budget funding. These people are dedicated to our country, their efforts are indefatigable and deserving of recognition,” noted Alina Yeghiazaryan, Institutional Cooperation Manager at Business Armenia.