Investment Attraction And Promotion Working Group For Ajman Holds First Meeting Under Sheikh Abdulaziz Bin Humaid
The "Investment Attraction and Promotion Working Group for the Emirate of Ajman" recently held its inaugural meeting, led by Sheikh Abdulaziz bin Humaid Al Nuaimi. The gathering took place at the Executive Council's General Secretariat, where Sheikh Sultan bin Mohammed Al Nuaimi was appointed as the Group's chairman for a two-year term. This initiative aims to enhance Ajman's investment appeal.
Sheikh Abdulaziz highlighted the importance of forming this Group to boost Ajman's investment competitiveness. He praised the diverse expertise within the Group, seeing it as essential for crafting innovative solutions to improve Ajman's business environment. Members were encouraged to propose bold investments and leverage global opportunities.
Sheikh Abdulaziz also discussed how modern technology aids investment decisions and refines investor targeting strategies. He stressed that understanding varied investor needs is crucial, requiring flexibility and professionalism from all entities involved. A tailored approach is necessary to create an effective investment climate.
He emphasised that a one-size-fits-all strategy won't work; instead, understanding different investor priorities is key. Providing customised services demonstrates Ajman's professionalism in attracting investors across industries. This approach is vital for building a compelling investment environment.
The meeting concluded with several recommendations to enhance the Group's efficiency. Key suggestions included using new investments from target markets as performance metrics and implementing a four-month preparatory action plan. This plan involves setting a general strategy and analysing market trends.
Specialised sub-teams aligned with specific sectors were recommended, along with submitting interim reports to the Chairman of the Executive Council. Continuous coordination with government agencies was deemed critical for integrating efforts before launching targeted investment campaigns locally and internationally.
Attendees stressed advancing transparency, updating laws, and improving performance metrics. They advocated focusing on high-value-added investments rather than just quantity, ensuring a qualitative economic impact. This approach aims for sustainable growth in Ajman's economy.
Sheikh Abdulaziz concluded by emphasising the need for serious action guided by clear performance indicators (KPIs). He thanked members for their contributions, affirming that collaboration and institutional integration are key to achieving goals. Ajman has qualities to build a promising investment ecosystem.
He noted that activating these qualities within an ambitious framework can lead to excellence and sustainable positive impact. The challenge lies in harnessing these attributes effectively to enhance Ajman's regional and global investment standing.
With inputs from WAM
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