Page 33 - ETIHAD CREDIT INSURANCE PR REPORT - FEBRUARY 2025

2/27/25, 8:54 AM Ajman’s Business Boom: EDB Connect showcases record growth and innovation
financing in Ajman nearly 20 times in 2024 alone. This success would not be possible without strong
local partnerships, notably collaborations with Ajman’s key entities such as Ajman Chamber of
Commerce and Industry, Ajman Department of Economic Development (DED), Ajman Free Zones, and
Ajman Bank.

Under the theme “Innovating Growth: Ajman’s Industrial and Business Evolution,” EDB Connect Ajman
provided a dynamic platform for exchanging insights and building strategic partnerships. The forum
featured engaging panel discussions on Ajman’s industrial expansion, SME growth, and the role of AI
and digital transformation in shaping the emirate’s industrial sector’s future. Industry experts shared

valuable perspectives on how businesses can leverage new opportunities in Ajman’s evolving economic
landscape.

His Excellency Ahmed Mohamed Al Naqbi, Chief Executive Officer of Emirates Development Bank,
emphasized the importance of collaboration in driving sustainable growth. He stated: “Ajman’s rapid
economic progress is a testament to its thriving business environment and strong partnerships between

government and private sector stakeholders. EDB Connect serves as a catalyst for these collaborations,
bringing together key players to unlock new opportunities and support the UAE’s broader economic
resilience.”

The forum featured in-depth panel discussions covering key topics related to Ajman’s industrial future,

enhancing business productivity, and increasing competitiveness, where government and private sector
leaders shared insights on industrial growth strategies and ways to support entrepreneurs, SMEs, and
startups.

The event opened with keynote addresses from H.E. Ahmed Mohamed Al Naqbi, CEO of EDB; H.E.
Ismail Al Naqi, Director General of the Free Zones Authority of Ajman; and Mohammed Ali Al Janahi,

Acting Director General at Ajman Chamber of Commerce and Industry, setting the stage for discussions
on economic expansion and industrial development.

The first panel discussion, titled "Ajman’s Industrial Future – Enhancing Productivity and
Competitiveness," was moderated by Shaker Zainal, Chief Business Officer at EDB, and featured

Musbah Al Mesafri, Director of Customer Experience and Service Delivery at Ajman Free Zones
Authority; Shamma Alansari, Director of Industrial Empowerment at the Ministry of Industry and
Advanced Technology (MoIAT); and Mohammed Al Janahi, Acting Director General at Ajman Chamber
of Commerce and Industry.

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