emirates7 - The Department of Economic Development in Ajman (Ajman DED) has signed two Memoranda of Understanding (MoUs) with the Chongqing Municipal Economy and Information Technology Commission and the Chongqing Municipal Commission of Commerce. The signing was witnessed by H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive Council, during the Ajman Government’s official visit to Chongqing, China, aimed at enhancing economic cooperation.
The agreements are designed to encourage the exchange of expertise, boost mutual investments, promote strategic ventures, improve energy efficiency, and launch innovative initiatives that contribute to raising Ajman’s profile internationally.
The ceremony was attended by prominent figures including Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Department of Tourism Development; Sheikh Rashid bin Ammar Al Nuaimi, Vice President of Ajman Club; Hussain bin Ibrahim Al Hammadi, UAE Ambassador to China; and Saif Ahmed Al Suwaidi, Director-General of Ajman DED, along with senior officials from both parties.
Signatories included Saif Ahmed Al Suwaidi for Ajman DED, Tu Xingyoung, Deputy Director-General of the Chongqing Municipal Economy and Information Technology Commission, and Zhang Yongwu, Director-General of the Chongqing Municipal Commission of Commerce.
The MoUs focus on sharing knowledge and best practices related to trade policy, industrial development, and business growth. They aim to streamline investment processes, facilitate the setup of industrial zones, organize trade delegations and exhibitions, support strategic initiatives, and promote sustainable practices in advanced technology sectors.
Among the major initiatives launched is the “Chongqing Cars Go Global” project, which will see the establishment of showrooms and assembly lines in Ajman.
The agreements also include the creation of joint committees to manage implementation, regular meetings to develop new ideas, and the designation of official liaisons to ensure effective coordination. Additional areas of collaboration include economic data sharing, digital transformation, support for modern industries, development of high-value projects, and fostering academic and research partnerships.
These strategic collaborations align with the UAE’s vision of cultivating a diverse, resilient, and innovation-driven economy.
The agreements are designed to encourage the exchange of expertise, boost mutual investments, promote strategic ventures, improve energy efficiency, and launch innovative initiatives that contribute to raising Ajman’s profile internationally.
The ceremony was attended by prominent figures including Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Department of Tourism Development; Sheikh Rashid bin Ammar Al Nuaimi, Vice President of Ajman Club; Hussain bin Ibrahim Al Hammadi, UAE Ambassador to China; and Saif Ahmed Al Suwaidi, Director-General of Ajman DED, along with senior officials from both parties.
Signatories included Saif Ahmed Al Suwaidi for Ajman DED, Tu Xingyoung, Deputy Director-General of the Chongqing Municipal Economy and Information Technology Commission, and Zhang Yongwu, Director-General of the Chongqing Municipal Commission of Commerce.
The MoUs focus on sharing knowledge and best practices related to trade policy, industrial development, and business growth. They aim to streamline investment processes, facilitate the setup of industrial zones, organize trade delegations and exhibitions, support strategic initiatives, and promote sustainable practices in advanced technology sectors.
Among the major initiatives launched is the “Chongqing Cars Go Global” project, which will see the establishment of showrooms and assembly lines in Ajman.
The agreements also include the creation of joint committees to manage implementation, regular meetings to develop new ideas, and the designation of official liaisons to ensure effective coordination. Additional areas of collaboration include economic data sharing, digital transformation, support for modern industries, development of high-value projects, and fostering academic and research partnerships.
These strategic collaborations align with the UAE’s vision of cultivating a diverse, resilient, and innovation-driven economy.