Page 148 - AJMAN TOURISM PR REPORT - September 2024

9/19/24, 5:12 PM Ajman signs Dh5 billion investment deal with China’s Sinomach Group | iHeartEmirates
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.

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.

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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,

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