ACCI promotes Ajman as attractive hub for investment and business

The Ajman Chamber of Commerce and Industry (ACCI) hosted an international Ramadan Majlis at the Fairmont Ajman Hotel.

The event aimed to strengthen economic ties with other countries and promote Ajman as an attractive destination for investment and business.

Ambassadors, consuls, and other foreign dignitaries attended the gathering, alongside local government officials and Ajman businessmen.

Among the attendees from ACCI were Maher Tarish Al Alili, Board Member; Mohamed Ali Al Janahi, Acting Director General; and Ali Rashid Al Kaitoob, Executive Director of the Studies and Investment Development Sector.

Al Kaitoob stressed that the Ajman Chamber is keen to organise the International Ramadan Majlis to consolidate its relations and build a sustainable partnership base with countries of the world. It also seeks to promote investment opportunities in the emirate, attract foreign investments, and discuss opportunities to diversify foreign markets for the emirate’s products and increase the volume of intra-trade between Ajman and the world countries and the qualitative components of Ajman.

He pointed out that the International Ramadan Majlis has a special role in promoting investment opportunities in Ajman and highlighting the level of great and successive developments and the distinguished economic recovery in the Emirate of Ajman across all sectors “industrial, commercial, tourism, educational, health, service, real estate, and other sectors” under the leadership of His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman and Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Ajman Executive Council.

Fatima Yaqoob Al Awadhi, Acting Head of the Investment Attraction Section at Ajman Chamber, also expressed that the International Ramadan Majlis is an opportunity to explore the most prominent international economic exhibitions and events and discuss ways to participate in them among the attendees to include them in the plans of the Promotion Section.

The attendees stressed the importance of organising such meetings on several occasions, praising the Majlis’s importance and providing an important platform for strengthening relations, building partnerships, and supporting international cooperation between all parties.

They also praised the diversity of investment opportunities in Ajman and its remarkable economic growth that increases the opportunities for partnership and cooperation.

A month earlier, the Ajman Chamber of Commerce and Industry (ACCI) welcomed a delegation from the International Chamber of Commerce - UAE (ICC UAE) to explore avenues for collaborative efforts and discuss opportunities for enhanced participation by Ajman’s business community.

Discussions centred on the agenda for upcoming local and international events, focusing on potential participation opportunities for the Ajman Chamber and its members. ICC UAE provided insights into several specialised events both locally and globally.

Mohamed Ali Al Janahi, Executive Director of the Member Support Services Sector, stressed that the Ajman Chamber is keen to intensify its participation in specialised events in support of developing a network of renewed global economic relations that supports opportunities for expansion to promote the emirate as an ideal destination for investment.

He highlighted the Chamber’s strategic objective of enhancing local, regional, and international presence across various events, enabling a deeper understanding of evolving economic and investment trends, and fostering innovation.

He reiterated the Ajman Chamber’s steadfast support for its private sector to access global markets to enable them to expand and increase production.

The meeting, held at the Ajman Chamber headquarters, was attended by Ali Rashid Al Kaitoub, Executive Director of the Studies and Investment Development Sector, Maryam Al Hashemi, Director of the Strategy and Future Department at the Ajman Chamber, and from ICC UAE, Vincent O’Brien, Director, and Habibullah Rizwan, Operations Manager.

The Ajman Chamber of Commerce and Industry (ACCI) has revealed that its new membership of establishments during the first half of 2023 reached 3,567.

The growth pace of the industrial sector in Ajman is accelerating remarkably as a result of the leadership’s interest in this vital sector and the availability of infrastructure and an integrated service system.

The industrial membership in the Ajman Chamber grew by 6.9% during the first half of this year compared to the first half of 2022. The number of industrial memberships reached 773 during H1 2023, and the growth rate of industrial membership during the past three years reached 8%.

The Ajman Chamber is keen to attract specialised investments in modern industries based on technology and artificial intelligence and its keenness to increase the growth rates of manufacturing industries in Ajman.

During 2023, Ajman Chamber adopted an agenda of various activities to serve its members of companies to ensure the sustainability of their business, attract new investments, provide appropriate support to the entrepreneurship sector and attract young people to self-employment in line with the Emirate of Ajman and the UAE economically.