Government

The Department of Economic Development Ajman (DED-Ajman) invited an investment delegation from China led by Mr. Zhang Zuanyu, Chairman of the Liaocheng Municipal Committee of the Chinese People's Political Consultative Conference (CPPCC). The delegation consisted of numerous profession authorities and also private sector agents from the solar energy, facilities as well as building markets.

H.E. Ali Issa Al Nuaimi, Director General of Ajman DED, got the delegation together with DED authorities as well as employees, and also highlighted the significance of the visit amidst the strong economic and profession relationships between UAE and also China. He described the legislative atmosphere in the country which gives a variety of facilities for investors and also appreciates the self-confidence of all stakeholders, referring to Federal Legislation No. 19 of 2018 which was issued just recently pertaining to international straight financial investments (FDI), focused on additional reinforcing the regulation and regulations for investment.

Al Nuaimi noted kept in mind Ajman DED's passion in sustaining international companies aiming to expand their financial investments in the Emirate of Ajman. He additionally talked about the integrated solutions offered by the Division to capitalists according to Ajman Vision 2021, which is focused on attracting investments as well as boosting the financial development of the Emirate.

Mr. Zhang Zuanyu, head of the Chinese delegation, said: "The UAE is the first non-oil profession partner of China, with bilateral profession growing gradually by 18.5 per cent, which rose to USD 54.8 billion in 2013-2014 and USD 55 billion in 2015, while posting USD 46 billion in 2016. In 2017, China became the UAE's largest trading partner, as the complete non-oil profession in between both nations got to greater than USD 53.3 billion which has actually grown 15 per cent compared to 2016."

Mr. Zhang likewise stressed the function of their go to as well as their eager rate of interest to check out investment possibilities in Ajman, as well as enhance their teamwork with the Division in identifying crucial locations which offer encouraging chances for Chinese investors.

The Chinese delegation provided their investment purposes during the meeting. Mr. Zhang reviewed the group's rate of interest in investing in the solar power sector and also introduced a number of business that have extensive experience in this field. The team also offered their passion infrastructure and construction projects.

DED-Ajman recognized during the satisfying the significant visibility of Chinese investors in the retail market in the Emirate and also welcomed the expansion of Chinese capitalists into other industries, particularly in tidy energy, which remains in line with the emirate's ambitions in advertising sustainability practices towards constructing a green economic climate. Both events concluded the conference with a contract to develop network and affiliations to offer their usual ambitions in the field of investment.

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