Ajman Ruler announces the establishment of Ajman Centre for New Projects
Respected Leader The Ruler of Ajman and Supreme Council Member, Sheikh Humaid bin Rashid Al Nuaimi, has just issued two important Emiri Decrees to boost Ajman's economy.
Ajman's Economic Advancement
The Ajman Centre for New Projects (Free Zone) is established by Emiri Decree No. 15 of 2023, and Sheikh Mohammed bin Abdullah bin Sultan Al Nuaimi is appointed Chairman of the organization by Emiri Decree No. 1 of 2024. After being published in the Official Gazette, these decrees are scheduled to be implemented without delay after issuance.
Founding the Ajman Centre for New Projects
The delineation of the Ajman Centre for New Projects, which will function as an autonomous zone within the emirate, is specified in Emiri Decree No. 15 of 2023. Legal personality, financial and administrative autonomy, and the constitutional authority to pursue its goals are bestowed upon this institution, which is affiliated with the government of Ajman. Establishing a developed global trade hub, bolstering the emirate's standing as a preeminent investment destination, promoting sustainable economic diversification, attracting foreign investment, and cultivating an environment conducive to innovative endeavors are the primary goals outlined in the decree establishing the center.
These initiatives underscore Sheikh Humaid bin Rashid Al Nuaimi's vision to elevate Ajman's economic landscape and attractiveness to investors. The establishment of the Ajman Centre for New Projects reflects a commitment to economic diversification, innovation, and the creation of an investment-friendly environment. The appointment of Sheikh Mohammed bin Abdullah bin Sultan Al Nuaimi as Chairman reinforces the dedication to effective leadership in driving the goals outlined in the decrees.
With these decrees taking effect, it is anticipated that the Ajman Center for New Projects will play a pivotal role in shaping Ajman's economic future. By fostering growth and competitiveness, Ajman aims to solidify its position on the global business stage. This strategic move aligns with broader efforts to enhance the emirate's economic sustainability and attractiveness for both local and international investors.