Hans Henrik Christensen, Senior Director of Dubai Silicon Oasis, who is in Armenia on a working visit, stated that there are great opportunities for cooperation between Armenia and Dubai.

According to him, partnership projects are possible in a multitude of fields. “Bilateral cooperation programs in the field of IT are underway and will be implemented in the coming years, the impact of which will be significant on some branches of the RA economy,” Hans Henrik Christensen said.

He stressed that IT sector in Armenia has a great potential for development, and they are considering cooperation with Dubai in various fields, starting from the support of IT start-ups, attracting investments for their development to opening branches of Armenian IT companies in Dubai and vice versa.

Among the partnership directions, he also emphasized the involvement of Armenian developers in the projects implemented in Dubai as well as the development of blockchain technologies.

Within the framework of the visit at the invitation of Made in Armenia NGO, Hans Henrik Christensen had meetings at the RA Ministry of Economy, the RA Ministry of Information Technologies, ISTC Foundation, the Union of Advanced Technology Enterprises (UATE), the Union of Employers of Information and Communication Technology (UEICT) and leading enterprises of the IT sector, and also visited the Tumo Innovation Center.

Hayk Vardanyan, the Founding President of Blokcentro, a company specializing in blockchain ecosystems and tokenization projects in Dubai, in turn, referred to the trends in the development of tokenization and blockchain technologies and their use in the global economy.

“It is possible to tokenize, i.e. digitize, any asset: gold, real estate, shares, government bonds or, for example, a start-up project. Those assets, not being physical, can circulate in the global market with unprecedented ease, creating an economy without borders,” he said.

Implementation of projects in Armenia is planned through Made in Armenia NGO.