Page 141 - AJMAN TOURISM PR REPORT - September 2024

Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Ajman Executive
Council, and Zhang Xiaolun, chairman of Sinomach, a Chinese state-owned enterprise (SOE)
involved in heavy equipment manufacturing as well as overseas general contracting, witnessed the
signing of a memorandum of understanding (MoU) between the Ajman government and China
National Electric Engineering Co. Ltd. (CNEEC), a subsidiary of Sinomach whose expertise is
overseas general contracting.

Earlier Sheikh Ammar bin Humaid welcomed Zhang Xiaolun, Chairman of Sinomach, at the Emiri
Diwan alongside Sheikh Abdul Aziz bin Humaid Al Nuaimi, Chairman of the Ajman Tourism
Development Department.

The meeting saw engaging discussions on Sinomach’s strategic initiatives and ongoing projects in
the region, underscoring Ajman’s commitment to strengthening ties between governmental bodies
and the private sector. Sheikh Ammar emphasised that these partnerships are vital in facilitating
the exchange of expertise and the execution of major developmental projects, ultimately boosting
economic activity, fostering innovation, and enhancing the overall business climate.

Sheikh Ammar reaffirmed Ajman’s commitment to fostering an attractive business environment for
entrepreneurs and investors. "Ajman is dedicated to creating an ideal climate for investment,
aligned with the emirate’s and the nation’s broader economic visions and strategies. We are
focused on expanding infrastructure and modern industries to attract global companies and
support their operations in our emirate," he said.

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Zhang Xiaolun expressed his gratitude for the warm reception and praised the ongoing cultural and
economic renaissance in the UAE, particularly in Ajman. He highlighted the emirate’s progressive
legislation, modern infrastructure, and flexible services that make it an attractive destination for
international business. He expressed his genuine wish that the MoU be the commencement of a
series of successful cooperations between Ajman and Sinomach.

Additionally, both sides extended their appreciation to UAE-based businessman Shaji Ul Mulk, who
played a pivotal role in facilitating the visit and fostering investments in Ajman through his position
as the local strategic partner of CNEEC.

“CNEEC is primarily focused on large-scale infrastructure projects in Ajman, including real estate
development and the establishment of high-tech industrial parks. Their model involves executing
long-term EPC (Engineering, Procurement, and Construction) contracts with an emphasis on
sustainable growth,” Mr Shaji Ul Mulk said.

“We anticipate the investment projects to begin in 2025, considering CNEEC’s fast-paced approach
and substantial capability to deliver on such large-scale developments efficiently. As the strategic
local partner of CNEEC, Mulk International will play a key role in these projects. Being the region’s

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