Page 209 - AJMAN TOURISM PR REPORT FLIP - MAY 2025

6/2/25, 3:18 PM Ajman Crown Prince witnesses signing of 10 strategic MoUs between Ajman government, Chongqing Municipality – UAE BARQ
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;

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