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Armenia will establish an embassy in Doha, the capital of Qatar, according to a draft decision adopted by the government on Wednesday.

The document cites friendly ties between Armenia and Qatar, the high living standard and investment opportunities of the Arab country, as well as the growing trade turnover and tourism between the two countries.

According to the decision, Qatar has also expressed readiness to open its own embassy in Yerevan in case Armenia opens its representation in Doha.

The opening of the embassy will cost $192,584, with Qatar set to pay $110,000 in the next three years, while Armenia will allocate the remaining $82,584.

"The adoption of the decision will not only encourage citizens' business and labor activity between Armenia and Qatar but will also mark a new beginning for the mutual recognition of religious and historical-cultural values, as well as the development of bilateral cooperation in a number of new areas,” the document says.