Aiming at the Middle East

Mr. Duwaya had a series of meetings with representatives of business leaders of the region and the governor of the Perm Region Maxim Reshetnikov.

According to Mr. Duwaya, the focus of Duwaya Investment is the search for investment projects in the fields of education and industrial production. During the meeting with the top management of Metafrax, the board of directors chairman Armen Garslyan and Mr. Duwaya discussed the prospects for cooperation in the sphere of Metafrax products supply expansion in the countries of the Persian Gulf.

“In fact there is no “Chinese economic miracle,” said Armen Garslyan, “There is a broad consumption market in this country and the presence of the biggest part of the European industrial players. The next promising market is India.

Based on the specifics of our business and the widespread use of synthetic resins in the construction industry, we are interested in growing, construction regions. Also solid entry to these regions with a reliable partner. In this context, the UAE and Duwaya Invtstment can become the prospect of entering the new markets. We are ready to consider even creation of a joint venture to enter the countries of the Persian Gulf, above all is guarantee of a steady demand.

The UAE has strong state and economic institutions that create a favorable investment environment. With the availability of powerful oil and gas resources the country is actively investing in new technologies, this strategy is close and understandable to us,” said Armen Garslyan.