1,000+ activities cleared for 100% foreign investment in Ajman muzaffarrizvi@khaleejtimes.com Filed on June 2, 2021
Sheikh Ahmed bin Humaid Al Nuaimi said this decision is an important step that translates the new government s policy and strategic visions by providing a competitive infrastructure for investment.
Supplied photo
Ahmed Al Nuaimi praises the decision of the Executive Council to open economic activities to the foreign investment
The Department of Economic Development in Ajman (Ajman DED) on Wednesday decided to open free ownership of economic activities in the commercial and industrial sectors to foreign investor at 100 per cent ownership.
The decision was taken in line with the UEA s strategic vision in promoting a competitive modern and global investment environment, and the recent amendments to the Commercial Companies Law and in implementation of the decision of the Ajman Executive Council.
Ajman clears 1,000+ economic activities for 100% foreign investment; Ahmed Al Nuaimi praises the decision of the Executive Council to open economic acti.
The Department of Economic Development in Ajman (Ajman DED) has opened 100% ownership of economic activities in the commercial and industrial sectors to foreign investors. In this regard, the department has approved over 1,000 economic activities for foreign investment, except those with a strategic ..
Ajman DED clears over 1,000 economic activities
3 hours ago
Business Bureau,
Gulf Today
The Department of Economic Development in Ajman (Ajman DED) has opened 100% ownership of economic activities in the commercial and industrial sectors to foreign investors.
In this regard, the department has approved over 1,000 economic activities for foreign investment, except those with a strategic impact, which were agreed upon during the meetings of the Strategic Impact Economic Activities Committee under the Ministry of Economy. Details of such activities will be announced at a later date.
This step aligns with the UAE’s strategic vision of promoting a competitive modern and global investment environment, and the recent amendments to the Commercial Companies Law and in implementation of the decision of the Ajman Executive Council in this regard.
This aims to enhance contribution of Ajman’s exports and raise competitiveness. Illustrative purpose only Image Credit: Pixabay
Ajman: Ajman Department of Economic Development (Ajman DED) today signed a cooperation agreement (MoU) with the Abu Dhabi Exports Office (ADEX), the UAE-wide export financing entity established by Abu Dhabi Fund for Development (ADFD) to provide solutions to national export companies to enhance their business and geographically expand the scope of their activities to international markets.
The agreement was signed by Abdullah Ahmed Al-Hamrani, Director-General of Ajman DED, and Saeed Hamad Al Dhaheri, Acting Director-General of ADEX, in the presence of Mohamed Saif Al Suwaidi, Director General of ADFD and Chairman of the Export Executive Committee of ADEX, Sheikh Abdullah bin Nasser Al Nuaimi, Director of the Department of Planning & Business Development at Ajman DED, and senior officials from both sides.