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Ajman Chamber Welcomes 100% Freehold Decision

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Ajman (WAM)

Engineer Abdullah Al Muwayji, Chairman of the Board of Directors of the Ajman Chamber of Commerce and Industry, confirmed that the decision to open the emirate of Ajman to 100% foreign investment reflects the vision of our wise leadership and its relentless approach. striving to provide a flexible and supportive legislative environment for the creation of enterprises and company owners in such a way as to increase the competitiveness and attractiveness of the state. For foreign direct investment. He said that with the possibility of owning over 1000 commercial activities for free in the Emirate of Ajman, this solution provides an important forward-looking vision of the future of various sectors, as well as increases their willingness to deal with all the variables and needs of the economic sector in the emirate in particular and in the UAE in general. , and greatly supports the growth and development opportunities of businesses and companies, as well as its ability to expand in all global markets. For his part, Salem Al Suwaidi, CEO of the Ajman Chamber of Commerce and Industry, confirmed that this decision reflects the government’s efforts to support the business community and investors and provide the economic sector with diverse and dynamic components that keep pace with aspirations. traders, businessmen and foreign investors through the development of legislation and laws, which contributes to the diversification of the competitiveness of the UAE economic sector on a regional and global scale. He explained that the consequences of this decision will directly contribute to attracting foreign direct investment, increasing the contribution of the industrial, commercial and service sectors to the gross domestic product, opening new horizons for the availability of jobs and attracting talented and experienced people. The solution also supports the reuse of residents’ savings in productive projects with economic returns. “This decision is directly related to the growth of industrial projects and service technologies, which is reflected in the increase in exports, trade balance and economic growth, as well as the welfare of members of the community, in addition to accelerating the pace of economic recovery in the coming period,” he said. He added that this decision represents a quantum leap for the economic sector in the Emirate of Ajman and is in step with the strategic vision of the emirate and sustainable economic development goals, which are based on diversifying sources of income, attracting investors and new entrepreneurs, and thus increasing the contribution of the Emirate Ajman in UAE GDP.

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