emirates7 - The Ajman Department of Economic Development and the Ajman Free Zones Authority have issued an economic report detailing investment volumes between the People's Republic of China and Ajman, coinciding with China's 75th National Day.
The report revealed that investments between China and Ajman reached AED26.5 million in 2023, marking a 9% increase compared to 2022. Trade value for the first half of the year stood at AED9.3 million, based on data from the Ajman Chamber of Commerce.
It also highlighted that 613 Chinese investors are operating in various sectors in Ajman, reflecting a 36% growth over the past three years, signifying a notable rise in Chinese investments.
Abdullah Ahmed Al Hamrani, Director General of the Ajman Department of Economic Development, congratulated China on its National Day and emphasized the UAE and Ajman’s commitment to strengthening economic relations and trade exchanges, which foster economic growth and partnership opportunities. He stressed that Ajman is focused on supporting Chinese investors, creating new business opportunities, and enhancing bilateral economic ties under the leadership of H.H. Sheikh Humaid bin Rashid Al Nuaimi and H.H. Sheikh Ammar bin Humaid Al Nuaimi.
Al Hamrani noted that the number of economic licenses held by Chinese investors has grown by 173% in the past three years, with primary activities in general trade, IT services, and hospitality.
Ismail Al Naqi, Director General of the Ajman Free Zones Authority, highlighted the deep strategic partnership between China and the UAE, particularly in investment and trade. He expressed pride in the Free Zones Authority’s role in fostering this growing relationship and noted the increase in Chinese investors contributing to Ajman’s economic development. He affirmed the Authority’s commitment to creating a flexible and supportive investment environment for sustainable growth.
Investors praised Ajman’s government for offering an attractive investment environment supported by laws and incentives that promote business success. The electronic services portal was also appreciated for streamlining processes and fostering growth.
Arson Hui, Assistant General Manager of the China Market in Ajman, emphasized the market's role as a symbol of Chinese-Emirati relations, offering diverse products and attracting many shoppers. He highlighted the support of Hunan Bosson Industrial Company in developing the China Market, a key economic driver in the region.
Chinese investors Wang Tao and Mark Chang praised Emirati-Chinese relations and the support provided by the Ajman government, which has enabled them to grow their businesses in the China Market. They acknowledged the improvements in government services, making it easier to operate and expand their ventures.
Young investor Chen Qi Peng echoed these sentiments, noting that Ajman’s business-friendly environment encourages young entrepreneurs to invest. He shared that after learning business from his parents, he chose to start his venture in Ajman, where the demand for Chinese products and the supportive environment have helped many young Chinese investors succeed.
The report revealed that investments between China and Ajman reached AED26.5 million in 2023, marking a 9% increase compared to 2022. Trade value for the first half of the year stood at AED9.3 million, based on data from the Ajman Chamber of Commerce.
It also highlighted that 613 Chinese investors are operating in various sectors in Ajman, reflecting a 36% growth over the past three years, signifying a notable rise in Chinese investments.
Abdullah Ahmed Al Hamrani, Director General of the Ajman Department of Economic Development, congratulated China on its National Day and emphasized the UAE and Ajman’s commitment to strengthening economic relations and trade exchanges, which foster economic growth and partnership opportunities. He stressed that Ajman is focused on supporting Chinese investors, creating new business opportunities, and enhancing bilateral economic ties under the leadership of H.H. Sheikh Humaid bin Rashid Al Nuaimi and H.H. Sheikh Ammar bin Humaid Al Nuaimi.
Al Hamrani noted that the number of economic licenses held by Chinese investors has grown by 173% in the past three years, with primary activities in general trade, IT services, and hospitality.
Ismail Al Naqi, Director General of the Ajman Free Zones Authority, highlighted the deep strategic partnership between China and the UAE, particularly in investment and trade. He expressed pride in the Free Zones Authority’s role in fostering this growing relationship and noted the increase in Chinese investors contributing to Ajman’s economic development. He affirmed the Authority’s commitment to creating a flexible and supportive investment environment for sustainable growth.
Investors praised Ajman’s government for offering an attractive investment environment supported by laws and incentives that promote business success. The electronic services portal was also appreciated for streamlining processes and fostering growth.
Arson Hui, Assistant General Manager of the China Market in Ajman, emphasized the market's role as a symbol of Chinese-Emirati relations, offering diverse products and attracting many shoppers. He highlighted the support of Hunan Bosson Industrial Company in developing the China Market, a key economic driver in the region.
Chinese investors Wang Tao and Mark Chang praised Emirati-Chinese relations and the support provided by the Ajman government, which has enabled them to grow their businesses in the China Market. They acknowledged the improvements in government services, making it easier to operate and expand their ventures.
Young investor Chen Qi Peng echoed these sentiments, noting that Ajman’s business-friendly environment encourages young entrepreneurs to invest. He shared that after learning business from his parents, he chose to start his venture in Ajman, where the demand for Chinese products and the supportive environment have helped many young Chinese investors succeed.