Latest news with #GovernmentofAjman
Sharjah 24
23-05-2025
- Business
- Sharjah 24
Ajman CP witnesses signing of 10 strategic MoUs
The event saw participation from a UAE delegation representing various government and economic entities. During the event, His Highness 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. In his keynote address, Sheikh Abdulaziz bin Humaid Al Nuaimi emphasised that the UAE's wise leadership, under President His Highness Sheikh Mohamed bin Zayed Al Nahyan, has laid the foundations for a balanced foreign policy based on openness and international cooperation. The UAE-China partnership, he noted, is a model of mutual understanding and joint action. He highlighted that the MoUs signed reflect the vision of His Highness 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. Sheikh Abdulaziz emphasised that the Crown Prince's leadership of the delegation underscores Ajman's deep commitment to expanding international cooperation and forging strong partnerships with China, building on their long-standing bilateral ties. He noted that the UAE-China strategic partnership spans decades, advancing into key sectors such as clean energy, education, tourism, and future technologies. Regarding the MoU between Ajman and Chongqing, Sheikh Abdulaziz stated that it aims to establish a sister-city relationship and foster strategic partnerships, supporting Ajman Vision 2030, which aspires to a diversified, competitive economy and sustainable development built on innovation, a robust private sector, and improved quality of life for future generations. Sheikh Abdulaziz also announced the launch of the Ajman Economic Report 2025, developed in collaboration with the Oxford Business Group. The report highlights the Emirate's economic growth drivers and its path toward a diversified and sustainable economy aligned with Ajman Vision 2030. The report showcases key sectors such as industry, technology, tourism, and financial services, addressing efforts in digital transformation and balancing cultural identity with economic development. It underscores Ajman's growing stature on the global investment map and provides a comprehensive analysis of its economic landscape and available investment opportunities. Sheikh Abdulaziz welcomed Chinese companies and investors to explore the UAE's exceptional opportunities and join a thriving development journey that embodies the UAE-China partnership spirit. He noted that the two countries share aligned visions for sustainable development, innovation, and a future-forward approach. The conference, he said, offers a vital platform for direct engagement between business communities and highlights new initiatives to deepen economic ties. He concluded by thanking the UAE Embassy in Beijing and organising entities for their efforts in fostering bilateral cooperation and supporting initiatives that contribute to a brighter, more prosperous future for both nations. For his part, the UAE Ambassador to China confirmed that the conference reflects the depth of the two countries' economic relations. He noted that non-oil trade exceeded US$ 90 billion in 2024, with mutual aspirations to reach US$ 200 billion by 2030. Ding Xiangdong, Deputy Mayor of the Chongqing Municipal, commended the level of bilateral relations and stressed the importance of the conference in deepening cooperation. He emphasised Chongqing's strategic economic role in Western China and its significance in the Belt and Road Initiative, seeking to enhance global partnerships in advanced industry, smart transport, energy, and cultural exchange. He affirmed the municipality's commitment to providing a welcoming environment for UAE businesses and boosting institutional and economic collaboration. The conference witnessed active participation from KEZAD Group, Ras Al Khaimah Economic Zone (RAKEZ); Abu Dhabi Investment Office; Dubai Chambers; Ajman Free Zone Authority; Ajman Chamber of Commerce; and several CEOs and investors. Key MoUs signed between the Government of Ajman and Chongqing Municipality included collaborations between the two following entities: -Ajman's Department of Economic Development and Chongqing's Economy, Trade, and IT Commissions; -Ajman's Department of Tourism Development and Chongqing's Culture and Tourism Committee; -Ajman's Ports and Customs Department and Chongqing's Ports and Logistics Office; - Ajman Chamber of Commerce and Industry and the China Council for the Promotion of International Trade (CCPIT)- Chongqing; -Ajman Free Zone and the Liangjiang New Area Free Trade Zone. For academic cooperation, Ajman University signed MoUs with Chongqing University, and Southwest University. City University Ajman also signed an MoU with Southwest University, fostering academic and research collaboration and student exchange. The conference aligns with the UAE's efforts to enhance international cooperation, anticipate the future of the global economy, and solidify the country's position as a global hub for trade and investment through sustainable economic partnerships with friendly nations.
Sharjah 24
19-05-2025
- Business
- Sharjah 24
Ajman Crown Prince to visit Chinese city of Chongqing
The visit aims to strengthen bilateral cooperation across several strategic sectors The visit aims to strengthen bilateral cooperation across several strategic sectors that support the sustainable development goals of both sides and deepen the existing partnership between the Emirate of Ajman and the city of Chongqing. The visit holds particular significance as His Highness the Crown Prince of Ajman is set to attend the signing of a Memorandum of Understanding between the Government of Ajman and Chongqing Municipality. The MoU aims to establish official twinning relations between the two cities, paving the way for extensive exchange of expertise and knowledge across various vital sectors. Aligns with the Emirate of Ajman's commitment to fostering robust and enduring international partnerships Sheikh Ammar's visit to Chongqing aligns with the Emirate of Ajman's commitment to fostering robust and enduring international partnerships, in line with Ajman Vision 2030. The vision seeks to achieve inclusive and sustainable economic development and strengthen Ajman's position as a leading destination for investment and business.
Mid East Info
05-05-2025
- Business
- Mid East Info
The Department of Finance in Ajman Organises Introductory Workshop to Enhance 2026 – 2028 Medium-Term Financial Planning
As part of its ongoing efforts to enhance the efficiency of financial planning and the sustainability of public resource management, the Department of Finance in Ajman organised an introductory workshop for government entities in the emirate. The workshop aimed to explain Financial Circular No. (3) of 2025, which constitutes a fundamental pillar in the preparation of the medium-term financial plan for the years 2026–2028, as well as the draft general budget for the year 2026. The objective of the workshop was to enable representatives of government entities to understand the requirements of the circular and its implementation mechanisms, and equipping them with the necessary technical tools to prepare accurate and realistic estimates of revenues and expenditures, based on actual performance and future projections. The training workshop covered several key areas, including general guidelines and rules for preparing the medium-term financial plan (2026–2028) and the draft general budget for 2026. Emphasis was placed on adherence to timelines, enhancing the quality of data, and improving the accuracy of financial analysis—all of which contribute to more efficient allocation of public resources and increased levels of transparency. Commenting on the occasion, His Excellency Marwan Al Ali, Director General of the Department of Finance in Ajman, stated: 'The organisation of this workshop reflects the Department's commitment to strengthening the capabilities of government entities in financial management, in line with international best practices. It aims to support the preparation of realistic budgets based on sound analytical foundations, in a way that reflects the vision of the Government of Ajman and supports its aspirations for sustainable development.' His Excellency further stressed that integrated coordination among various government bodies is the cornerstone of achieving rational and sustainable financial planning. He highlighted that such close cooperation will inevitably lead to maximised resource utilisation, which serves the interests of the emirate and contributes to prosperity and an enhanced quality of life. During the workshop, the Department underlined government entities' strict adherence to all technical requirements, further noting that it is a key foundation for preparing plans and budgets that reflect the emirate's development priorities and enable evidence-based financial decision-making. This workshop forms part of a series of developmental initiatives launched by the Department. It is a reflection the Government of Ajman's commitment to embedding the principles of effective financial planning and achieving alignment between governmental resources and strategic objectives, in line with the emirate's future ambitions.
Zawya
15-03-2025
- Business
- Zawya
Ajman Chamber Board of Directors holds its first meeting to discuss 2025 projects
H.E. Eng. Abdullah bin Mohammed Al Muwaiji, Chairman of Ajman Chamber, commended the efforts of the Government of Ajman in enhancing cohesion and institutional integration among government agencies within the emirate under the umbrella of the "Solidarity Charter". These efforts aim to bolster joint work, improve government performance, and enhance the quality of services provided to the community and business owners, in line with the directives of H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, and under the direct supervision of H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive Council. Al Muwaiji emphasized that the Ajman Chamber is committed to implementing the objectives of the Solidarity Charter in alignment with Ajman Vision 2030. This commitment involves working in an integrated manner with government agencies to eliminate bureaucracy, simplify procedures, expedite decision-making processes, and support integration across government entities. He highlighted the exceptional historical achievements of the national economy. The country's foreign trade reached 3 trillion dirhams for the first time by the end of 2024, reflecting an annual growth rate of 14.6%. This success is attributed to flexible economic policies, economic diversification, and comprehensive partnership agreements. Al Muwaiji affirmed Ajman's dedication to enhancing its role and contribution to boosting the volume of foreign trade. This statement was made during his chairmanship of the first meeting of the Ajman Chamber Board of Directors for 2025. The meeting focused on the latest developments in Ajman Chamber's projects and initiatives, as well as ways to foster an attractive business environment that enables private sector enterprises to thrive and innovate. The meeting also emphasized Ajman Chamber's role in facilitating business and economic activities and attracting investments. The meeting was attended by H.E. Sheikh Sultan bin Saqr Al Nuaimi, Second Vice Chairman of Ajman Chamber, members of the Board of Directors, and H.E. Salem Al Suwaidi, Director General of Ajman Chamber, at the Thara Centre for Entrepreneurship. At the onset of the meeting, Al Muwaiji extended his congratulations to the UAE's wise leadership, citizens, and residents on the occasion of the blessed month of Ramadan. The agenda included a review of the outcomes of the Ajman International Education and Training Exhibition (AETEX) 2025, highlighting the international diversity witnessed by AETEX and its role in providing a platform to enhance academic cooperation among participating universities. The Board of Directors underscored the importance of leveraging AETEX's outcomes, strengthening academic partnerships, and attracting leading educational institutions to advance the education sector in the emirate and promote Ajman's appeal as a distinguished educational destination. The Board also reviewed a report on the challenges facing the private sector and Ajman Chamber's collaborative efforts with its partners to overcome them. Al Muwaiji stressed that the Ajman Chamber places great importance on developing the industrial sector in the emirate, as it is one of the most prominent pillars of Ajman's economy and a key driver for increasing the emirate's export volume. Notably, Ajman is home to 1,549 industrial facilities, according to Ajman Chamber's membership records for 2024. He pointed out that the Ajman Chamber is working toward supporting the industry by promoting investment opportunities, addressing challenges through policy and legislative development in collaboration with relevant authorities, and fostering industrial innovation and technology to enhance production efficiency and bolster Ajman's competitiveness as a distinguished industrial hub. The meeting also included a review of Ajman Chamber's financial position, the results of its strategic performance, its annual report, and the roadmap of projects and initiatives designed to achieve Ajman Chamber's vision and objectives in alignment with Ajman Vision 2030.
Zawya
25-02-2025
- Business
- Zawya
Al Zorah achieves 38% increase in transactions in 2024
Ajman, UAE – Al Zorah Development Company, a joint venture between the Government of Ajman and Solidere International, is proud to announce a record-breaking year in 2024, marked by outstanding growth and impressive sales performance. The company recorded a 38% increase in the number of transactions year-on-year, culminating in the complete sell-out of beachfront villas, including projects such as Beach Hills Villas (simplex and duplex forms), as well as Seaside Hills Residence. This remarkable achievement underscores Al Zorah growing appeal as a premier destination for a multinational clientele. These achievements align with the company vision, to strengthen Ajman's position as a premier investment destination. This vision is being realized through the development of advanced infrastructure and upscale residential communities that drive sustainable growth and enhance the quality of life in the emirate. Al Zorah's strategic approach reflects its commitment to delivering innovative projects that meet market demands while supporting the leadership's vision of building an integrated city that offers exceptional residential and investment opportunities. George Saad, CEO of Al Zorah Development Company, stated, 'Our exceptional performance in 2024 is a testament to the unwavering trust our clients place in us and the relentless dedication of our team. Achieving a 38% increase in transactions and successfully selling out our exclusive beachfront homes illustrates the strong demand for the unique lifestyle experience we offer.' He added, 'With our 2025 developments on the horizon, we are poised to raise the bar even higher by driving both lifestyle innovation and investment opportunities. Given the current demand for high-end real estate, we anticipate a further increase in the price per square foot in 2025, highlighting the sustained strength of the Al Zorah City market.' Al Zorah Development Company remains committed to delivering exceptional living experiences and continues to lead innovation in the UAE's real estate sector. About Al Zorah City The Al Zorah area is considered one of the UAE's most spectacular tourist destinations in the Emirate of Ajman. Major attractions in the area include luxury resorts on the seashore overlooking the Arabian Gulf and an 18-hole championship golf course. Walkways, jogging, and cycling trails, restaurants and cafes, a marina, beachfront villas and apartments on the banks of the creek, make it the perfect place to visit, live, and play for the whole family. In addition, the area includes the Al Zorah Nature Reserve, one of the most beautiful natural features in the Emirate of Ajman. It is an ideal destination for lovers of ecological and natural tourism and mangroves, which provide a suitable environment for resident and migratory birds. The abundance of natural water allows for the various plants and tree species to thrive, as well as an abundant ecosystem of large groups of fish and magnificent coral reefs.
