Ajman DED Launches ISIC-4 System to Facilitate Investment Activity and Promote Business Competitiveness
The Department of Economic Advancement - Ajman (DED-Ajman), released its ISIC4 system, to enhance electronic communication with other local and federal companies, to improve government procedures. The move supports the DED-Ajman's dedication to creating an optimal atmosphere for financial investment, while embracing ideal methods to motivate more financial investments in the encouraging opportunities Ajman has to use. The ISIC4 system is a crucial tool, and is essential in the process of enhancing business competition, as it assists to help with over 3.700 financial tasks by capitalists. This supports the DED-Ajman's goal to develop a prospering economic climate for the community in Ajman.
The new system strengthens the digital communication between DED-Ajman and other local and federal bodies, to attain common financial goals. ISIC-4 was created in order to help identify different economic activities, indications and ideas. It is also efficient in processing big quantities of information from different in your area based establishments, improve the competitiveness of Ajman, and the UAE.
Saud Al Shammari, Director of Economic Registration & Licensing Division at DED-Ajman, claimed: "The ISIC system is an important strategic tool, as it allows investors to recognize and carry out over 3,700 economic tasks precisely and with greater effectiveness, to boost business and develop the suitable setting for investments. The new system will play an essential role in simplifying purchase, licensing and enrollment treatments, by presenting new licenses all over the emirates. The system will certainly have positive impact which will be the key element needed to advertise financial investments, and increase economic diversification.
Al Shammari added: "We eagerly anticipate applying the ISIC system, which will help us keep an eye on and recognize global a large selection of international activities. This will enable us to establish our approaches in adherence with our initiatives to drive value-added economic activities, to make certain sustainable development and advertise Ajman's competition at both local and regional degrees."
In addition, the ISIC4 system is capable of accumulating and examining data inning accordance with the nature of each activity, in order to help unify all economic tasks according to each specific. The system will certainly reinforce DED-Ajman's ability to keep pace with global developments, exchange knowledge, and subsequent with the latest advancements, while creating accurate reports recording the tasks of the institutions and firms it works with.
