Page 112 - AJMAN UNIVERSITY PR REPORT - MAY 2025

5/26/25, 11:56 AM Ajman, China to boost bilateral investment and business relations

Ajman, China to boost bilateral investment and

business relations

Last updated: May 24, 2025 | 14:48

Top officials during the signing ceremony.

Ismail Al Naqi, Director-General of the Free Zones Authority of Ajman, affirmed that the signed Memorandum of Understanding (MoU) with
the Chongqing Liangjiang New Area Administrative Committee in China aims to bolster bilateral investment and business collaboration.

Speaking to the Emirates News Agency on the sidelines of his participation in China (Chongqing) - UAE Economic and Trade Investment
Promotion Conference, Al Naqi emphasised that the MoU aligns with Ajman’s strategic vision to become a leading regional hub for global
businesses seeking expansion into the Middle East and North African markets.

He underscored the emirate’s commitment to supporting global investment and enhancing its status as an economic centre.

Ajman’s Free Zones Authority offers an integrated business environment with licencing, employment services, and diverse real estate
options within a supportive regulatory framework, in line with Ajman Vision 2030.

Al Naqi highlighted that the Chongqing partnership is crucial to Ajman’s strategy of attracting high-quality investments and marks a
significant step in strengthening ties with leading global cities, reiterating Ajman’s dedication to sustainable economic growth through
strategic, innovation-driven collaborations.

Meanwhile Ali Rashid Al Kaitoob, Executive Director of the Studies and Investment Development Sector at the Ajman Chamber, affirmed
the chamber’s keenness to enhance economic cooperation with Chinese investors, leveraging growing UAE-China ties.

In statements to the Emirates News Agency (WAM) during the China (Chongqing) - UAE Economic and Trade Investment Promotion
Conference, Al Kaitoob said the emirate’s participation in the conference underscores its commitment to strengthening ties with China’s
investment community and exploring new avenues for economic collaboration.

The chamber’s delegation includes representatives from several companies interested in forging business relationships with Chinese
private sector investors. The goal, he said, is to build long-term partnerships and share expertise across strategic industries.

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