Ajman's Economic Development Department discusses investment opportunities with China

AJMAN, 11th July, 2016 (WAM) — The Department of Economic Development, DED, in Ajman received at its headquarters a delegation of businessmen from the People’s Republic of China, to be introduced to the best investment opportunities available in the emirate of Ajman.

Ali Eissa Al Nuaimi, Director General of the DED Ajman welcomed the visiting delegation, and emphasised that this visit is a valuable opportunity to highlight the outstanding investment support factors in the emirate of Ajman, pinpointing the distinctive local and regional reputation gained by Ajman as well as the diversified investment fields embraced by the emirate.

Al Nuaimi presented to the Chinese delegation a simplified explanation to illustrate some general information about the Emirate of Ajman, he added, that the emirate has witnessed in recent years a large construction boom, a remarkable development in the infrastructure in addition to the many important economic accomplishments, as the emirate of Ajman has a strategic geographical location which mediates the United Arab Emirates, also it enjoys an economic diversity focused on industrial investments to establish greater economic stability, as well as, the social stability experienced by the Emirate of Ajman which enhances both the social and economic security .

Al Nuaimi added that the business system in the emirate of Ajman is endeavoring to encourage and attract investment activities in order to accelerate development process and consolidate a successful economic climate supported with flexible legislations and economic policies as well as many of the incentives and facilities offered to all investors in various economic sectors.

Regarding the smoothness of practicing business in the emirate of Ajman, Al Nuaimi said that the business environment in the emirate of Ajman is competitive in terms of investment costs, as the emirate of Ajman is one of the relatively lowest Emirates in rental costs, as the emirate also has a well-developed transportation network paving easy and quick access to all of the Emirates of Sharjah and Dubai, as well as to global markets.

Regarding future trends of the Government of Ajman as stipulated in the document for Ajman Vision 2021 and its strategy, the future investment activities of Ajman are based on five sectors to realize economic development including: the manufacturing, tourism, transport and storage, media and outsourcing.