In line with the Year of Sustainability and the UAE’s preparations to host COP 28, the Ajman Chamber of Commerce and Industry (ACCI) is keen to increase trade and investment exchange with China and to attract leading Chinese companies in the fields of technology, clean and alternative energy in the country.
Speaking during the meeting with the delegation of the Ajman China Mall, headed by Luo Feng, General Manager, Abdullah Al Muwaji, Chairman of Ajman Chamber of Commerce and Industry (ACCI), appreciated the growth in the volume of investments in the Ajman China Mall, which as it is one of the most important commercial and investment destinations in Ajman. He revealed the firm’s readiness to provide total support to Chinese companies who wish to invest in Ajman.
This comes as a part of the ACCI’s keenness to develop a renewed global economic relations network that supports expansion and facilitates business development opportunities in Ajma. Besides Chinese investment, it also focuses on enhancing and strengthening the position of Ajman as a leading centre in attracting other foreign investments,too.
In its statement, ACCI affirmed that it is keen to increase the attractiveness of leading Chinese companies in the fields of technology, clean and alternative energy, and waste-to-energy applications, and leverage the Chinese expertise and practices, that would support the ACCI’s goal of adoption of alternative energy solutions by companies and factories in Ajman and the utilisation of solar energy.
As per data, non-oil trade between the UAE and China during 2022 reached more than AED264 billion, compared to about AED223 billion in 2021, with a growth rate of 18 percent.
Luo Feng, General Manager of Ajman China Mall, praised ACCI for its support and to provide attractive investment environment in Ajman, pointing to the growth in the volume of Chinese investments in Ajman.
It was further recommended by the other delegates in the meeting to intensify participation in specialised exhibitions and conferences in Ajman and China to discover investment opportunities and collaborate at the governmental and private levels. This is expected to open horizons for cooperation between business owners and investors from the two countries, said the statement.
