Page 149 - AJMAN TOURISM PR REPORT - September 2024

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

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,” Shaji Ul Mulk said.

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