The Chinese market in Ajman..1000 commercial projects..and imports 3.65 billion dirhams
Ajman Free Zone revealed the results of the operating performance of the Chinese market in 2021, announcing a remarkable 12% growth in the number of registered companies compared to 2020.
And it stated in a statement that the Chinese market in Ajman hosts 1,000 companies currently, the largest number of which work in the retail sector, followed by the fashion and textile sector, pointing out that companies operating in the Chinese market in Ajman enjoy a competitive advantage, taking advantage of the strategic location of the Ajman Free Zone, which facilitates Import and export of products and commodities.
During the year 2021, companies in the Chinese market in Ajman registered more than 2,600 members of the Chinese business community, which contributed significantly to the economic growth and prosperity of the labor market in Ajman.
The strong operational performance reflects the importance of the Chinese market in Ajman in promoting economic growth in the emirate.
financial results
According to the financial results, the average value of market imports annually amounted to 3.65 billion dirhams and exports 2.1 billion dirhams, at a time when the Chinese market is an ideal investment destination due to its strategic location and advanced facilities, as the total investments in the market amounted to 600 million dirhams, and it is expected to double, with continued The emirate is in the process of implementing economic diversification plans and concluding more trade agreements.
342 thousand visitors
The Chinese market in Ajman recorded an average of 342,000 visitors each month, achieving total daily sales that exceeded 1.7 million dirhams during 2021, at a time when these indicators are expected to rise further with the development of facilities, with the aim of attracting more shoppers and companies on alike.
perfect incubator
Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of the Board of Directors of the Free Zones in Ajman, said that the results recorded by the free zone during the past year reflect its vital role as an ideal incubator for Chinese business and investments, and the business community as a whole.
He added: "The remarkable growth in the Chinese market embodies the success of the strategic partnership between Ajman Free Zone and the Gulf China Trading Company, which manages the market.
We would also like to thank our Chinese partners for their continued confidence in the Free Zone, which will continue to support this partnership through our comprehensive products, services and facilities, and we renew our commitment to continue enhancing our services to meet the aspirations and needs of various business sectors within the Chinese market in Ajman.”
In turn, the general manager of the Chinese market in Ajman, Lu Feng, said that the results of the year 2021 reflect the ability of the large Ajman Free Zone to attract Chinese investors, which greatly enhances economic activity and trade exchange between China and the UAE.
He added, “Thanks to its tireless efforts that have been going on for 12 years, Gulf China Trading Company has become the representative of prominent Chinese companies investing in Ajman.
We are confident that under the directives of Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of the Board of Directors of the Ajman Free Zones Authority, the Chinese market in Ajman will achieve greater success in the future, and we are ready to contribute to promoting diversified economic development in the UAE.”
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