Page 136 - AJMAN UNIVERSITY PR REPORT - MAY 2025

5/26/25, 12:00 PM Ajman Crown Prince witnesses signing of 10 strategic MoUs between Ajman government, Chongqing Municipality - www.lokmatti…
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;
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