Ajman DED clears over 1,000 economic activities – GulfToday

Ajman DED clears over 1,000 economic activities – GulfToday

The government's policy is designed to enhance investment environment in the emirate. WAM

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.

Sheikh Ahmed bin Humaid Al Nuaimi, Representative of His Highness the Ruler of Ajman for Administrative and Financial Affairs and Chairman of Ajman DED, said, "This decision is an important step that translates the new government's policy and strategic vision by providing competitive infrastructure for investment, and will contribute to facilitating doing business and increasing the attraction of foreign direct investment to various vital sectors in the emirate of Ajman. We will always