Date: 24/06/2025
H.E. Eng. Abdullah bin Mohammed Al Muwaiji, Chairman of Ajman Chamber, chaired the second board meeting to discuss updates and developments regarding the Ajman Chamber's projects, initiatives, and services. The meeting also focused on enhancing Ajman Chamber's role in supporting economic development, encouraging entrepreneurship, boosting the emirate's competitiveness, attracting investment, and facilitating ease of doing business. The meeting was attended by H.E. Sheikh Sultan bin Saqr Al Nuaimi, Vice Chairman of Ajman Chamber, members of the Board of Directors, and H.E. Salem Al Suwaidi, Director General of Ajman Chamber, at the Thara Entrepreneurship Hub. At the outset of the meeting, Al Muwaiji welcomed the attendees and commended the efforts of the UAE and Ajman delegation during their official visit to Chongqing Province. This visit, led by H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive Council, resulted in the signing of several agreements and memoranda of understanding between the Government of Ajman and Chongqing Province. A series of economic events and meetings were also held in the presence of senior officials to discuss avenues for cooperation, partnership, and exchange of expertise across various vital sectors. The Board members reviewed a detailed report on the Ajman Chamber's participation as part of the Ajman delegation in the Invest in UAE - Chongqing and Invest in UAE - Sichuan forums. The report highlighted Ajman Chamber efforts in promoting investment opportunities available in the industry, real estate, construction, healthcare, education, tourism, and other key sectors. It also focused on attracting investments in renewable energy, advanced industries, financial services, innovation, technology, and artificial intelligence technologies. The meeting also emphasized the importance of activating the Memorandum of Understanding signed between the Ajman Chamber and the China Council for the Promotion of International Trade (CCPIT) – Chongqing Committee. Furthermore, Board members were briefed on the changes within the UAE government, including the wise leadership's adoption of the National Artificial Intelligence System, the establishment of a Ministry of Foreign Trade within the UAE government, and the renaming of the Ministry of Economy to the Ministry of Economy and Tourism. These developments reflect the leadership's efforts and vision to keep pace with current advancements and prepare for the future, working to develop policies and services that ensure the UAE's global competitiveness and leadership. The meeting also reviewed Ajman Chamber's financial report from the beginning of the year and examined the strategic performance report and progress on strategic projects during the first quarter of the current year. The Board members commended the UAE's achievements in attracting diverse investment flows, noting the UAE's rise to the tenth position globally as one of the largest destinations for inbound Foreign Direct Investment (FDI) according to the UNCTAD World Investment Report 2025. This achievement reflects global investors' confidence in the UAE's economic environment, its stability, and its growing attractiveness. They affirmed that this global accomplishment necessitates that the Ajman Chamber, in particular, and the Chambers of Commerce across the UAE, in general, continue to enhance the competitiveness of the business environment, intensify investment promotion efforts, and attract more regional and international partnerships. This achievement also serves as an impetus for developing services provided to investors and the business sector, supporting entrepreneurs and small and medium-sized enterprises (SMEs), and contributing to solidifying the UAE's position as a sustainable global investment destination. Attendees were also briefed on Ajman Chamber's participation report within the Ajman emirate pavilion at the fourth edition of the "Make it in the Emirates" event. The report highlighted key bilateral meetings held by Ajman Chamber with various industrial companies and investors, alongside showcasing the investment opportunities available in the emirate and the competitive advantages offered to investors in the industrial sector. Notably, the number of industrial establishments in the emirate is steadily increasing, reaching approximately 1,549 factories in 2024. Finally, the meeting reviewed the 2025 rules and procedures of the Ajman Centre for Commercial Conciliation and Arbitration, the Centre's 2025 policy, and the formation of its Board of Trustees. It also discussed Ajman Chamber's efforts to provide a supportive legal and regulatory environment for the business sector, ensuring flexible and effective commercial dispute resolution methods that enhance investor confidence and contribute to the stability and sustainability of trade relations. The meeting further discussed the "Customer Journey and Program Packages" offered at Thara Entrepreneurship Hub, which aim to empower entrepreneurs and startups by providing integrated services aligned with local market needs and the aspirations of young business professionals.