Page 140 - AJMAN TOURISM PR REPORT - September 2024

Ajman Government signs Dh5 billion investment

deal with China’s Sinomach Group

The meeting saw engaging discussions on Sinomach’s strategic initiatives and ongoing
projects in the region

by

A Staff Reporter

Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Ajman
Executive Council, with Zhang Xiaolun, chairman of Sinomach. — Supplied photo

Published: Wed 18 Sep 2024, 6:57 PM

Government of Ajman has signed a Memorandum of Understanding (MoU) with China National
Electric Engineering Co. Ltd. (CNEEC), a subsidiary of Sinomach Group to invest upto Dh5 billion in
infrastructure projects that will help the emirate’s economy to grow.

The MoU, signed by Sheikh Abdul Aziz bin Humaid Al Nuaimi, Chairman of the Ajman Tourism
Development Department, and Yan Weihua, general manager of CNEEC, paves the way for future
cooperation on investment projects in infrastructure and manufacturing industries, with an
estimated value of Dh5 billion.

https://www.khaleejtimes.com/business/economy/ajman-government-signs-dh5-billion-
investment-deal-with-chinas-sinomach-group