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.