Latest news with #AED5.936
Trade Arabia
07-03-2025
- Business
- Trade Arabia
Ajman's construction contract awards in 2024 soars to $2.6bn
Ajman Municipality and Planning Department has announced that the value of construction contracts in the northern emirate for FY 2024 hit AED9.65 billion ($2.6 billion), up 62.6% when compared to the previous year's figure of AED5.9 billion ($1.6 billion). This aligns with the emirate's strategic goal of achieving sustainable development in the construction and building sector, it stated. The value of the contracts saw significant growth while comparing to 2023, when it reached AED5.936 billion. Abdul Rahman Mohammed Al Nuaimi, Director-General of the Department, emphasised Ajman's success in positioning itself as a model modern emirate that ensures a high quality of life for residents, visitors, and tourists while providing an ideal investment environment for successful and sustainable projects across various sectors. The 62.6% jump in the value of construction contracts for 2024 was mainly due to the continuous efforts, strategic planning and forward-thinking policies of Ajman government. All these efforts were aimed at enhancing service excellence in building permit issuance, expediting processes, and boosting the emirate's global competitiveness, it added.
Zawya
06-03-2025
- Business
- Zawya
Ajman records $2.63bln in construction contracts in 2024
The Ajman Municipality and Planning Department announced that construction contracts' value in the emirate exceeded AED9.655 billion in 2024. This aligns with the emirate's strategic goal of achieving sustainable development in the construction and building sector. Abdul Rahman Mohammed Al Nuaimi, Director-General of the Department, highlighted that the value of the contracts saw significant growth compared to 2023, when it reached AED5.936 billion. He also emphasised Ajman's success in positioning itself as a model modern emirate that ensures a high quality of life for residents, visitors, and tourists while providing an ideal investment environment for successful and sustainable projects across various sectors. He further noted that the rate of increase in the value of construction contracts recorded 62.66% compared to 2023, crediting continuous efforts, strategic planning, and forward-thinking policies aimed at enhancing service excellence in building permit issuance, expediting processes, and boosting the emirate's global competitiveness.
