Al Nuaimi opens China market

AJMAN - His Highness Shaikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, affirmed on Tuesday that the Ajman government policy on encouragement and promotion of investment had paid off with implementation of a group of major feasible economic and industrial projects serving the gross domestic product of the UAE in general and the emirate of 
Ajman in particular.

By (Wam)

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Published: Wed 24 Nov 2010, 10:45 PM

Last updated: Mon 6 Apr 2015, 11:33 AM

“Ajman gives special attention to foreign direct investment and we gave instructions for the business, economic and commercial entities to provide all investment guarantees, create adequate investment climate and open the door wide before all investors in order to share economic benefits,” Shaikh Humaid said after he opened the China Market at the Ajman Free Zone. According to him, the market would spur Emarati investors and businessmen to enter into fruitful business partnerships with the their Chinese counterparts and draw lessons from their rich experiments in undertaking community-oriented investment projects.

The Ajman Ruler lauded the China Market management for allocating an annual quota of jobs for UAE nationals, saying such a trend would boost the emirate’s Emiratisation policy.

As he highlighted the depth of UAE-China relations in economic, trade and cultural fields, Shaikh Humaid said the opening of new mega trade complex would further boost these well-established bonds. After unveiling the memorial plaque, Shaikh Humaid toured various departments of the market and the attended a Chinese dancing performance.

The Chinese market, which is considered as one of the most significant Chinese commercial complexes, includes 13 buildings possessed by Ajman Free Zone Authority which are distributed as follows: four buildings used for retail, four buildings devoted for residence, office, hotels, and gardens furniture and decorations, one building for warehouses and four buildings devoted for building materials, and there are services and residential facilities consisting of 468 residential rooms subsequent to the commercial complex occupying a total area of 280 thousand meter square.

Each building consists of 260 commercial stores; that is, the total number of stores reaches more than 1000 commercial stores. It is expected that the volume of investments and goods therein will reach a value of more than Dh2 billion. Shaikh Mohammed bin Abdullah bin Sultan Al Nuaimi, the Director General of Ajman Ports and Customs Department and Ajman Free Zone Authority, said that all retail shops were almost leased out. He expected investment in goods to cross the mark of Dh2 billion.

“Work is on to increase the capacity of external parkings to 1200 slots,” he added. “The project aims at delivering a qualitative leap in the shopping experience offering consumers a diverse basket of options,” he said. With the opening of the China Market, he said, volume of imports is set to grow by 20 to 30 per cent compared with the current level.

He said that the Chinese commercial complex was established in conformity with a developed economic view due to the emirate’s need for a project which differs from earlier ones.

Moreover, the success of such projects results from the distinctive economic efforts which the emirate depended on and which was crystallised by Ajman Free Zone Authority in accordance with the wise vision of our leadership. The project also aims at stepping forward towards a specific marketing process and variation of goods and international trademarks including (house appliances, electronics, clothes and furniture) all to be in one place so that purchasers save their time.

Moreover, the complex is equipped with a series of comfortable and modern services which result in a luxurious and interesting shopping.


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