 |
| |
Clean Energy: Ajman Chamber's Target For Chinese Giants | |
| Sumita Pawar |
The Chairman of the Ajman Chamber of Commerce and Industry (ACCI), H.E. Abdullah Al Muwaji, has praised the growth in investments and commercial developments at the Ajman China Mall, which he described as one of the most important commercial and investment destinations in Ajman.
 |
He expressed the ACCI's readiness to provide all necessary facilities to Chinese companies wishing to invest in Ajman, as part of the ACCI's efforts to develop a renewed global economic relations network that supports expansion and business development opportunities in Ajman.
During a meeting with the delegation of the Ajman China Mall, H.E. Abdullah Al Muwaji affirmed the ACCI's keenness to increase trade and investment exchange with the Chinese side and to enhance the attractiveness of leading Chinese companies in the fields of technology, clean and alternative energy, and waste-to-energy applications. He also expressed the ACCI's interest in benefiting from the distinguished experiences and practises of the Chinese side that support the ACCI's directions during the next phase.
Statistics indicate that the volume of non-oil trade between the UAE and China during 2022 reached more than AED 264 billion, compared to about AED 223 billion in 2021, with a growth rate of 18%. The re-export rates between Ajman and China witnessed remarkable growth during the past three years, at about 60%.
Luo Feng, General Manager of Ajman China Mall, appreciated the efforts of the ACCI in providing an attractive investment environment in Ajman, pointing to the growth in the volume of Chinese investments in Ajman as a result of the interest of the wise leadership and the support of the authorities concerned with economic affairs in Ajman. This growth has been reflected in the quality of the performance of the Ajman China Mall and the significant increase in the occupancy rate.
Overall, the meeting between the ACCI and the Ajman China Mall delegation highlights the importance of strengthening economic relations between the UAE and China and the potential for increased investment and trade exchange in the future. The ACCI's commitment to providing facilities and support to Chinese companies wishing to invest in Ajman, as well as its interest in adopting alternative energy solutions, demonstrates its dedication to sustainable business development and expansion opportunities in the region.