Page 111 - AJMAN UNIVERSITY PR REPORT - MAY 2025

5/26/25, 11:56 AM Ajman Crown Prince witnesses signing of 10 strategic MoUs between Ajman government, Chongqing Municipality | Emirates New…
Regarding the MoU between Ajman and Chongqing, Sheikh Abdulaziz stated that it aims to establish a sister-city relationship and foster
strategic partnerships, supporting Ajman Vision 2030, which aspires to a diversified, competitive economy and sustainable development built
on innovation, a robust private sector, and improved quality of life for future generations.
Sheikh Abdulaziz also announced the launch of the Ajman Economic Report 2025, developed in collaboration with the Oxford Business
Group. The report highlights the Emirate’s economic growth drivers and its path toward a diversified and sustainable economy aligned with
Ajman Vision 2030.
The report showcases key sectors such as industry, technology, tourism, and financial services, addressing efforts in digital transformation
and balancing cultural identity with economic development. It underscores Ajman’s growing stature on the global investment map and
provides a comprehensive analysis of its economic landscape and available investment opportunities.
Sheikh Abdulaziz welcomed Chinese companies and investors to explore the UAE’s exceptional opportunities and join a thriving development
journey that embodies the UAE-China partnership spirit. He noted that the two countries share aligned visions for sustainable development,
innovation, and a future-forward approach. The conference, he said, offers a vital platform for direct engagement between business
communities and highlights new initiatives to deepen economic ties.
He concluded by thanking the UAE Embassy in Beijing and organising entities for their efforts in fostering bilateral cooperation and supporting
initiatives that contribute to a brighter, more prosperous future for both nations.
For his part, the UAE Ambassador to China confirmed that the conference reflects the depth of the two countries’ economic relations. He
noted that non-oil trade exceeded US$ 90 billion in 2024, with mutual aspirations to reach US$ 200 billion by 2030.
Ding Xiangdong, Deputy Mayor of the Chongqing Municipal, commended the level of bilateral relations and stressed the importance of the
conference in deepening cooperation. He emphasised Chongqing's strategic economic role in Western China and its significance in the Belt
and Road Initiative, seeking to enhance global partnerships in advanced industry, smart transport, energy, and cultural exchange.
He affirmed the municipality’s commitment to providing a welcoming environment for UAE businesses and boosting institutional and economic
collaboration.
The conference witnessed active participation from KEZAD Group, Ras Al Khaimah Economic Zone (RAKEZ); Abu Dhabi Investment Office;
Dubai Chambers; Ajman Free Zone Authority; Ajman Chamber of Commerce; and several CEOs and investors.
Key MoUs signed between the Government of Ajman and Chongqing Municipality included collaborations between the two following entities:
-Ajman’s Department of Economic Development and Chongqing’s Economy, Trade, and IT Commissions;
-Ajman’s Department of Tourism Development and Chongqing’s Culture and Tourism Committee;
-Ajman’s Ports and Customs Department and Chongqing’s Ports and Logistics Office;
-Ajman Chamber of Commerce and Industry and the China Council for the Promotion of International Trade (CCPIT)- Chongqing;
-Ajman Free Zone and the Liangjiang New Area Free Trade Zone.
For academic cooperation, Ajman University signed MoUs with Chongqing University, and Southwest University. City University Ajman also
signed an MoU with Southwest University, fostering academic and research collaboration and student exchange.
The conference aligns with the UAE’s efforts to enhance international cooperation, anticipate the future of the global economy, and solidify the
country's position as a global hub for trade and investment through sustainable economic partnerships with friendly nations.

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