"Ajman Room" Expecting a memorandum of understanding with the China Council for the Promotion of International Trade

Gongsheng, May 24/ WAM/ in the presence of His Highness Sheikh Ammar bin Humaid Al -Nuaimi, Crown Prince of Ajman, Chairman of the Executive Council, Ajman Chamber signed a memorandum of understanding with the China Council for the Promotion of International Trade – the Chongwsing Committee, with the aim of developing economic and investment relations and enhancing joint trade and industrial cooperation, and increasing ties between business owners and investors from the two countries as well as exchanging delegations and holding the gatherings.

The signing ceremony was attended by Sheikh Abdulaziz bin Humaid Al -Nuaimi, head of the Department of Tourism Development in Ajman, Sheikh Rashid bin Ammar bin Humaid Al -Nuaimi, Vice President of Ajman Sports Club, His Excellency Hussein bin Ibrahim Al Hammadi, the country’s ambassador to the People’s Republic of China, His Excellency Abdullah bin Muhammad Al -Mawji, Chairman of the Ajman Chamber, and a number of senior officials of the Ajman government, businessmen and investors from both sides.

The Memorandum of Understanding was signed by His Excellency Marwan Al -Shaali, a member of the Board of Directors of the Ajman and Yang Shuchu Chamber, Vice -Chairman of the Chinese Council for International Trade – the Chongzheng Committee.

The memorandum stipulated to enhance joint cooperation frameworks and develop bilateral relations in the economic, commercial and investment fields, and to encourage business owners to build fruitful partnerships that support the increase in the volume of inter -trade between Ajman and Chungzings in particular, the Emirates and China in general.

It also stipulated the exchange of economic and commercial information related to the sectors of industry, trade and investment, in order to enhance the facilitation of marketing markets and the definition of investment opportunities available to both sides with the aim of enabling business owners to make effective and studied investment decisions.

The two parties agreed to organize specialized forums, seminars and conferences with the aim of enhancing the exchange of knowledge and experiences in all sectors, monitoring available investment opportunities, encouraging the exchange of commercial delegations and providing the necessary facilities for business owners.

The Memorandum of Understanding also stipulated the organization of joint meetings between the Ajman Chamber and the China Council for the Promotion of International Trade – the Chongwiching Committee with the aim of discussing the activation of the terms of the agreement and setting recommendations to develop existing bilateral relations to ensure the continuity of cooperation and expand the scope of the Memorandum of Understanding.

On the sidelines of the signing ceremony, His Excellency Abdullah Al -Mijiei stressed the importance of the visit and the role of the memorandum of understanding in enhancing cooperation opportunities, opening new horizons for partnerships, exchanging experiences, promoting the competitive ingredients enjoyed by the Emirate of Ajman and highlighting the investment opportunities of both sides.

Al -Mijiei praised the leadership and superiority of the Chinese city of Chungzings in the technology industries, the auto industry, space and satellite, energy, education, and other sectors, which opens wide horizons for joint cooperation between Ajman and the city of Chungzings.

For his part, His Excellency Marwan Al -Shaali said that the Ajman Chamber attaches great importance to expanding its international partnerships in support of the goals of Ajman 2030 vision and its directions to create a competitive business environment and an investment climate that promotes economic growth and enhances the increase in the volume of inter -trade.

Al -Shaali stressed that the signing of the Memorandum of Understanding with the China Council for the Promotion of International Trade – the Chongwiching Committee represents a strategic step towards documenting economic and trade cooperation between the two sides, opening new horizons for partnership and exchanging investment opportunities.

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