Page 151 - AJMAN TOURISM PR REPORT - September 2024

9/19/24, 5:13 PM Ajman, China's Sinomach Group sign $1.37bn investment deal - Arabian Business: Latest News on the Middle East, Real Estate, Fi…

Ajman attracts global investment

The agreement aims to foster cooperation on investment projects in infrastructure and

manufacturing industries.

“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,” Sheikh Ammar bin Humaid Al Nuaimi said.

Zhang Xiaolun expressed gratitude for the reception and praised the UAE’s cultural and

economic progress, particularly in the emirate.

He noted the emirate’s legislation, infrastructure, and services that attract international
business.

“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,” UAE-based businessman Shaji Ul Mulk added.

“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,” he said.

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