Ajman, UAE – Sheikh Humaid bin Rashid Al Nuaimi, the visionary Ruler of Ajman, has embarked on a transformative journey to reshape the emirate’s economic landscape through the issuance of two groundbreaking Emiri Decrees. Emiri Decree No. (15) of 2023 lays the groundwork for the establishment of the Ajman Centre for New Projects (Free Zone), while Decree No. (1) of 2024 appoints Sheikh Mohammed bin Abdullah bin Sultan Al Nuaimi as its Chairman.
Ajman Centre for New Projects (Free Zone): Pioneering Progress Emiri Decree No. (15) of 2023 heralds the inception of the Ajman Centre for New Projects (Free Zone), an entity endowed with legal personality, financial and administrative independence, and the essential legal capacity to fulfill its outlined objectives and responsibilities.
Key Objectives of the Center:
- Elevating Investment Destination: Propelling Ajman to new heights as a premier investment destination.
- Global Trade Hub: Catalyzing Ajman’s evolution into a sophisticated hub for global trade.
- Economic Diversification: Fostering sustainable economic diversification by nurturing projects across diverse sectors.
- Foreign Investment: Attracting foreign investment across a spectrum of economic activities.
- Investment Climate: Cultivating a flexible and conducive investment climate to foster creativity and innovation.
Decree No. (1) of 2024: Leadership Nomination In tandem, Sheikh Mohammed bin Abdullah bin Sultan Al Nuaimi assumes the pivotal role of Chairman of the Ajman Centre for New Projects. This strategic appointment underscores a commitment to steering the initiatives of the free zone and actively contributing to their triumph.
Strategic Impact: Shaping Ajman’s Economic Destiny These decisive decrees underscore Ajman’s steadfast dedication to economic diversification, innovation, and global competitiveness. The establishment of a free zone stands poised to attract both local and foreign investors, positioning Ajman as an appealing destination for business growth and development. With legal autonomy and clearly defined objectives, the Ajman Centre for New Projects is poised to play a pivotal role in shaping the emirate’s economic future.