United Arab Emirates

Ajman Government signs USD 1.5 billion MoU with Sinomach

Synopsis

His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, warmly welcomed Zhang Xiaolun, Chairman of Sinomach, at the Emiri Diwan. The discussions focused on Sinomach's initiatives, culminating in the signing of a memorandum of understanding (MoU) between the Ajman government and China National Electric Engineering Co., Ltd. (CNEEC), aimed at future collaboration on infrastructure and manufacturing projects valued at 5 billion dirhams. Sheikh Ammar highlighted Ajman's dedication to creating a favorable business climate, while Zhang commended the emirate's progressive legislation and modern infrastructure. Both parties acknowledged UAE businessman Shaji UI Mulk for his role in facilitating the visit, with various dignitaries present.

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His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Ajman Executive Council, extended a warm welcome to Zhang Xiaolun, Chairman of Sinomach, a Chinese state-owned enterprise focused on heavy equipment manufacturing and international contracting, at the Emiri Diwan. He was accompanied by Sheikh Abdul Aziz bin Humaid Al Nuaimi, Chairman of the Ajman Tourism Development Department.

The meeting involved fruitful discussions about Sinomach's strategic initiatives and ongoing projects in the region. His Highness underscored Ajman's commitment to enhancing collaboration between government bodies and the private sector, stressing that these partnerships are essential for sharing expertise and implementing major development projects. This approach aims to stimulate economic activity, foster innovation, and improve the overall business environment.

A key moment during the meeting occurred when His Highness Sheikh Ammar bin Humaid Al Nuaimi and Zhang Xiaolun witnessed the signing of a memorandum of understanding (MoU) between the Ajman government and China National Electric Engineering Co., Ltd. (CNEEC), a subsidiary of Sinomach specializing in overseas general contracting. The MoU was signed by Sheikh Abdul Aziz bin Humaid Al Nuaimi on behalf of the Ajman government and Yan Weihua, General Manager of CNEEC, on behalf of CNEEC. This agreement lays the groundwork for future collaboration on investment projects in infrastructure and manufacturing, with an estimated value of 5 billion dirhams.

Sheikh Ammar reaffirmed Ajman's commitment to fostering a welcoming business environment for entrepreneurs and investors. He stated that Ajman is dedicated to creating an ideal climate for investment, aligning with both the emirate's and the nation's broader economic visions and strategies. He emphasized the focus on enhancing infrastructure and modern industries to attract global companies and support their operations within the emirate.

Zhang Xiaolun expressed gratitude for the warm reception and praised the ongoing cultural and economic renaissance in the UAE, particularly in Ajman. He highlighted the emirate's progressive legislation, modern infrastructure, and flexible services, which contribute to its appeal as a destination for international business. He also conveyed his sincere hope that the MoU would mark the beginning of successful collaborations between Ajman and Sinomach.

Both sides expressed their appreciation for UAE-based businessman Shaji UI Mulk, who played a crucial role in facilitating the visit and promoting investments in Ajman as the local strategic partner of CNEEC. The event was also attended by CNEEC's Deputy General Manager Ge Jian, along with other representatives including Bian Ke, Yan Hui, Lu Zhenyu, Bhupesh, Mairaj Hussain, and Adnan UI Mulk. Additionally, Sheikh Rashid bin Ammar Al Nuaimi, Vice President of Ajman Cultural and Sports Club; His Excellency Sheikh Abdullah bin Majid Al Nuaimi, Director-General of Ajman's Citizens Affairs Office; and His Excellency Marwan Obaid Al Muhairi, Director-General of the Ajman Ruler's Court, were present at the meeting.

In conclusion, the meeting between His Highness Sheikh Ammar bin Humaid Al Nuaimi and Zhang Xiaolun represents a significant step toward strengthening economic ties between Ajman and China. The signing of the MoU signals a commitment to collaboration in infrastructure and manufacturing, with the potential to drive substantial investments. Sheikh Ammar's emphasis on a supportive business climate highlights Ajman's proactive approach to attracting global enterprises. Zhang's recognition of Ajman's progress further underscores the emirate's position as a competitive destination for international business. Overall, this engagement reflects a shared vision for growth and innovation in the region.

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