Armenia presents TRIPP initiative to Saudi Arabia in Riyadh

Armenian Economy Minister Gevorg Papoyan met with Saudi Arabia’s Minister of Economy and Planning, Faisal Al Ibrahim, in Riyadh to discuss ways to expand bilateral economic cooperation, Caliber.Az reports citing Armenian media.

The meeting, confirmed by Armenia’s Ministry of Economy, focused on potential collaboration in technology, energy, agriculture, and tourism.

During the talks, Minister Al Ibrahim expressed interest in signing a memorandum of cooperation and other agreements aimed at strengthening trade and economic ties, to be implemented on a bilateral basis.

Minister Papoyan also presented to his Saudi counterpart Armenia’s TRIPP and Crossroads of the World initiatives, along with an overview of the country’s investment environment.

The TRIPP project is a flagship regional infrastructure and connectivity initiative designed to link mainland Azerbaijan with its exclave, the Nakhchivan Autonomous Republic, through Armenia’s Syunik region.

The initiative is underpinned by a declaration signed on August 8, 2025, in Washington by the leaders of Azerbaijan and Armenia, alongside U.S. President Donald Trump. TRIPP is positioned as both a peace-building instrument and a logistics corridor.

The project encompasses the construction of new rail and road links, oil and gas pipelines, fibre-optic communications lines, and power transmission networks. Its broader aim is to integrate South Caucasus states into the “Middle Corridor” trade axis connecting Europe and Asia, thereby enhancing regional transit, trade, and economic diversification.

By Tamilla Hasanova