Latest news with #FreeZonesAuthorityofAjman
Gulf Today
24-05-2025
- Business
- Gulf Today
Ajman, China to boost bilateral investment and business relations
Ismail Al Naqi, Director-General of the Free Zones Authority of Ajman, affirmed that the signed Memorandum of Understanding (MoU) with the Chongqing Liangjiang New Area Administrative Committee in China aims to bolster bilateral investment and business collaboration. Speaking to the Emirates News Agency on the sidelines of his participation in China (Chongqing) - UAE Economic and Trade Investment Promotion Conference, Al Naqi emphasised that the MoU aligns with Ajman's strategic vision to become a leading regional hub for global businesses seeking expansion into the Middle East and North African markets. He underscored the emirate's commitment to supporting global investment and enhancing its status as an economic centre. Ajman's Free Zones Authority offers an integrated business environment with licencing, employment services, and diverse real estate options within a supportive regulatory framework, in line with Ajman Vision 2030. Al Naqi highlighted that the Chongqing partnership is crucial to Ajman's strategy of attracting high-quality investments and marks a significant step in strengthening ties with leading global cities, reiterating Ajman's dedication to sustainable economic growth through strategic, innovation-driven collaborations. Meanwhile Ali Rashid Al Kaitoob, Executive Director of the Studies and Investment Development Sector at the Ajman Chamber, affirmed the chamber's keenness to enhance economic cooperation with Chinese investors, leveraging growing UAE-China ties. In statements to the Emirates News Agency (WAM) during the China (Chongqing) - UAE Economic and Trade Investment Promotion Conference, Al Kaitoob said the emirate's participation in the conference underscores its commitment to strengthening ties with China's investment community and exploring new avenues for economic collaboration. The chamber's delegation includes representatives from several companies interested in forging business relationships with Chinese private sector investors. The goal, he said, is to build long-term partnerships and share expertise across strategic industries. Highlighting recent cooperation, Al Kaitoob pointed to an Dhs5 billion infrastructure investment partnership between Ajman's government and China's SINOMACH group. Signed in 2024, the deal reflects growing confidence and collaboration between public and private sectors in both countries. He added that Ajman is targeting further Chinese investment in key areas such as real estate, tourism, manufacturing, education, healthcare and cultural exchange, to create a more integrated and sustainable economic relationship. Al Kaitoob reaffirmed Ajman Chamber's readiness to support Chinese companies and investors interested in the local market, offering guidance and facilitating connections with the emirate's broader business ecosystem. Ajman Crown Prince witnesses signing of 10 strategic MoUs between Ajman government, Chongqing Municipality - On Friday Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive Council, attended the launch of the China (Chongqing) - UAE Conference on Promotion of Trade and Investment. The event saw participation from a UAE delegation representing various government and economic entities. During the event, Sheikh Ammar toured the UAE pavilions in the accompanying exhibition and witnessed the signing of 10 strategic Memoranda of Understanding (MoUs) between the Government of Ajman and Chongqing Municipality. Leading the list was an MoU to establish a sister-city relationship between Ajman and Chongqing, alongside agreements in industrial investment, free zone development, logistics connectivity, clean energy, and education-all reflecting a shared commitment to expanding bilateral partnerships and advancing sustainable growth. These MoUs represent a pivotal step in supporting the implementation of Ajman Vision 2030, which aims to establish a balanced and integrated development model. Dignitaries in attendance were Sheikh Abdulaziz Bin Humaid Al Nuaimi, Chairman of the Ajman Department of Tourism Development; Sheikh Rashid bin Ammar bin Humaid Al Nuaimi, Vice President of Ajman Club; Hussain bin Ibrahim Al Hammadi, UAE Ambassador to the People's Republic of China; Senior officials from Ajman Government, and business leaders and investors from both sides. The conference included presentations on investment opportunities across various Emirates. Sheikh Abdulaziz Bin Humaid Al Nuaimi highlighted that the MoUs signed reflect the vision of H.H. Sheikh Humaid bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman, to enusre the Emirate's prosperity and quality of life, making it one of the world's most attractive destinations for living and investment.
Zawya
08-04-2025
- Business
- Zawya
Free Zones Authority of Ajman achieves record breaking performance in 2024
Free Zones Authority of Ajman (FZA) announced exceptional financial and operational results for the year 2024, a testament to the efficacy of its forward-looking economic vision and proactive strategies aimed at diversifying key sectors and enhancing the investment climate within the emirate. Fuelled by a significant rise in the number of investors and the expansion of diverse economic activities, FZA achieved a significant 15 percent surge in revenues compared to the preceding year. Net profits also witnessed an unprecedented annual growth of 15 percent, a clear indication of robust financial management and the effectiveness of its income diversification strategies. FZA experienced a remarkable 170 percent growth in the number of newly registered companies, marking the highest increase in recent years. Furthermore, occupancy rates in investment zones reached an impressive 97 percent, highlighting the increasing confidence of the global investor community in Ajman's competitive advantages. Sheikh Ahmed bin Humaid Al Nuaimi, Representative of H.H. the Ruler of Ajman for Administrative and Financial Affairs and Chairman of FZA's Board of Directors, emphasised, 'this exceptional performance is a direct outcome of an ambitious vision and meticulously crafted strategies designed to cultivate a flexible and enabling business ecosystem. This reinforces Ajman's position as a burgeoning economic centre with global appeal. We remain steadfast in our commitment to advancing the emirate's sustainable economic development.' H.H. Sheikh Abdulaziz bin Humaid Al Nuaimi, Vice Chairman of the Board, commented, 'The remarkable achievements of 2024 reflect the success of our strategic trajectory in attracting high-quality investments and cultivating targeted sectors. These record-breaking figures underscore our ambition to positioning Ajman as a premier destination for investors worldwide.' Ismail Al Naqi, Director-General of FZA, expressed his profound pride in these accomplishments, stating, 'The results attained this year represent the most significant milestone in FZA's history. In alignment with the goals of Ajman Vision 2030, we will continue to pioneer innovative solutions and develop advanced infrastructure to further strengthen Ajman's global competitiveness and attractiveness." Al Naqi reiterated FZA's unwavering commitment to pursuing its ambitious plans for expanding investments in promising sectors and solidifying Ajman's stature as a leading global economic hub and a compelling environment for the business community and diverse investment portfolios.
Zawya
08-04-2025
- Business
- Zawya
FZA: Record-breaking 2024 performance, driven by leading strategies and diversified investments
Ajman, United Arab Emirates – Free Zones Authority of Ajman (FZA) announced exceptional financial and operational results for the year 2024, a testament to the efficacy of its forward-looking economic vision and proactive strategies aimed at diversifying key sectors and enhancing the investment climate within the emirate. Fueled by a significant rise in the number of investors and the expansion of diverse economic activities, FZA achieved a significant 15% surge in revenues compared to the preceding year. Net profits also witnessed an unprecedented annual growth of 15%, a clear indication of robust financial management and the effectiveness of its income diversification strategies. FZA experienced a remarkable 170% growth in the number of newly registered companies, marking the highest increase in recent years. Furthermore, occupancy rates in investment zones reached an impressive 97%, highlighting the increasing confidence of the global investor community in Ajman's competitive advantages. Sheikh Ahmed bin Humaid Al Nuaimi, Representative of His Highness the Ruler of Ajman for Administrative and Financial Affairs and Chairman of FZA's Board of Directors, emphasized that 'this exceptional performance is a direct outcome of an ambitious vision and meticulously crafted strategies designed to cultivate a flexible and enabling business ecosystem. This reinforces Ajman's position as a burgeoning economic center with global appeal. We remain steadfast in our commitment to advancing the emirate's sustainable economic development.' His Highness Sheikh Abdulaziz bin Humaid Al Nuaimi, Vice Chairman of the Board, commented: 'The remarkable achievements of 2024 reflect the success of our strategic trajectory in attracting high-quality investments and cultivating targeted sectors. These record-breaking figures underscore our ambition to positioning Ajman as a premier destination for investors worldwide.' HE Ismail Al Naqi, Director General of FZA, expressed his profound pride in these accomplishments, stating: 'The results attained this year represent the most significant milestone in FZA's history. In alignment with the goals of Ajman Vision 2030, we will continue to pioneer innovative solutions and develop advanced infrastructure to further strengthen Ajman's global competitiveness and attractiveness." HE Al Naqi reiterated FZA's unwavering commitment to pursuing its ambitious plans for expanding investments in promising sectors and solidifying Ajman's stature as a leading global economic hub and a compelling environment for the business community and diverse investment portfolios. About the Government of Ajman Media Office Established under the visionary leadership of His Highness Sheikh Humaid bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman, the Ajman Media Office was established to enhance Ajman's global media footprint and solidify its strategic influence. The Office plays a central role in promoting transparency by providing reliable and accessible information on government projects and initiatives. It showcases Ajman's innovative spirit and achievements, supporting its progress and strategic ambitions. With a sustainable and dynamic media policy, the Office enables seamless navigation of the rapidly changing media landscape. The Office is the architect behind a comprehensive government media ecosystem, crafting and executing media policies and strategies that embody our nation's core values, amplify our national identity, and solidify our position as a global media leader. Serving as the central hub for media engagement, the Office also delivers impactful projects and initiatives, ensuring local and international outlets are provided with timely and accurate news, event coverage, and insights into government achievements. Beyond delivering information, the Office is dedicated to fostering knowledge and enhancing community understanding of the UAE's governmental advancements and transformative projects. The Office also streamlines and oversees media content related to local government initiatives across various domains, ensuring alignment and consistency that reflect the vision and aspirations of Ajman, enhancing its esteemed reputation both nationally and internationally.
Khaleej Times
27-03-2025
- Business
- Khaleej Times
Taxation Society celebrates International Women's Day with inspiring leadership discussions
Taxation Society hosted an inspiring International Women's Day event bringing together prominent leaders, professionals, and changemakers to celebrate the achievements of women in taxation, finance, and leadership. The event was graced by chief guest Shri Satish Kumar Sivan, Consul General of India to Dubai and Northern Emirates, and guest of honor Ismail Al Naqi, director general of the Free Zones Authority of Ajman, along with accomplished women leaders who shared insights on challenges and opportunities in leadership, resilience in business, and women empowerment. A thought-provoking keynote address by Shilpa Aggarwal, chairperson of BNW Entertainment, set the tone for the day, offering powerful insights on women's leadership, business growth, and inspiring attendees to embrace change and lead with confidence. The event featured two engaging panel discussions: Challenges and opportunities for women in leadership - exploring barriers women face, strategies for breaking the glass ceiling, and the role of mentorship in career advancement. Women in business: navigating change, leading with resilience - focusing on how women entrepreneurs and professionals adapt to change, embrace innovation, and drive business growth in evolving industries. The event concluded with a warm Iftar gathering, fostering a spirit of collaboration, reflection, and empowerment. The Taxation Society's International Women's Day celebration served as a platform to honor achievements and inspire future leaders.
