Chinese Investments In Ajman Experience Significant Growth Of 173% Over Three Years

The Ajman Department of Economic Development and the Ajman Free Zones Authority have published a report on investments between China and Ajman. This coincides with China's 75th National Day celebrations. The report shows that investments reached AED26.5 million in 2023, a 9% rise from 2022. Trade value for the first half of this year was AED9.3 million, according to Ajman Chamber of Commerce statistics.

Chinese investors in Ajman have grown significantly, reaching 613 in number, with a 36% increase over three years. This growth highlights the expanding Chinese investment in the emirate. Abdullah Ahmed Al Hamrani, Director General of the Ajman Department of Economic Development, expressed congratulations to China on its National Day. He emphasised the UAE's commitment to strengthening economic ties with China.

Al Hamrani highlighted efforts to enhance economic relations with China, following directives from H.H. Sheikh Humaid bin Rashid Al Nuaimi and H.H. Sheikh Ammar bin Humaid Al Nuaimi. The department aims to provide facilities for Chinese investors and open new business opportunities. Statistics show a 173% increase in economic licences owned by Chinese investors over three years.

The primary sectors for Chinese investors include general trade, IT network services, and hospitality. Ismail Al Naqi, Director General of the Ajman Free Zones Authority, noted that UAE-China relations are a model of strategic partnership in investment and trade. He stated that the Free Zones Authority is proud to support this growing relationship based on cooperation.

Al Naqi observed a noticeable rise in Chinese investors contributing to Ajman's economic development by bringing expertise and technology for sustainable growth. The authority is committed to providing a supportive environment for investors to achieve their goals and ensure future success.

Investors appreciate Ajman's attractive investment environment supported by legislation and laws aiding business success. They also value incentives offered through electronic services that attract investors and help projects thrive.

The Role of China Market

Arson Hui, Assistant General Manager of the China Market in Ajman, described it as a symbol of Chinese-Emirati relations due to its role in supplying markets with Chinese products. The market offers diverse products at competitive prices, making it popular among shoppers.

Hunan Bosson Industrial Company supports the market's development as an economic growth engine in the region. The market features many stores selling goods like clothing, electronics, furniture, household items, and daily necessities.

Chinese Investors' Perspectives

Arson praised Chinese-Emirati relations, noting that consistent trade growth through the China Market reflects its role beyond offering products but also showcasing culture. He congratulated China on its National Day while valuing ongoing friendship development between China and the UAE.

Wang Tao commended Emirati-Chinese relations for facilitating his business growth over 11 years at the China Market in Ajman. His trade expanded from a small shop due to high demand for Chinese products.

Simplified Government Services

Mark Chang praised government services provided by Ajman authorities for creating an ideal work environment by simplifying procedures and offering full support through various departments. He has worked in musical instrument supply for ten years and noted improvements in government services during this time.

The China Market's excellent services and ample space have helped increase Chang's trade volume significantly. On China's National Day, he expressed hope for further development between China and the UAE as more Chinese investors find satisfaction working there.

Younger Generation's Business Ventures

Young investor Chen Qi Peng shared how investing through the China Market attracts young people due to easy government services and welcoming economic conditions. After inheriting business knowledge from his parents, he chose Ajman to start his venture due to high demand for Chinese products.

Chen observed many young Chinese developing businesses at the China Market thanks to an attractive environment provided by Ajman's government policies supporting investment growth.

With inputs from WAM