AJMAN, 27 May 2007 — Tanmiyat Investment Group hosted a seminar on Investment Opportunities in the Emirate of Ajman in Shanghai, China on Thursday, under the patronage of Sheikh Rashid Bin Humaid Al-Nuaimi, Chairman of the Ajman Municipality and Planning Department.
The event was attended by the Chairman of Shanghai’s Chamber of Commerce, as well as a number of high-ranking businessmen and investors from around the world. During the seminar, Sheikh Rashid highlighted the investment environment created in the emirate by new rules and legislation, tailored to attract investors to the region.
Sheikh Rashid said that “recent changes in Ajman’s property laws have opened up the market to foreign investors, offering unique opportunities for high-return investments in a stable and desirable environment. We are pleased to invite people from all over the world to share in our rich cultural heritage as well as the largely untapped development potential the region has to offer.”
Ajman, which spans an area of only 260 square kilometers, has witnessed an economic boom in recent years, which has seen its population swell from 36,000 in 1980, to approximately 236,000 in 2007.
Flexible investment regulations and an open business environment draw many people from within as well as from outside the UAE, seeking lucrative business opportunities in the seaside emirate.
One of the main developments currently underway in the area is Tanmiyat Group’s Ajman Marina project, which was unveiled in February and is now being introduced to the Chinese market as a key investment opportunity in the region. The Ajman Marina development is to be built along a 12-acre stretch of land near the Ajman Kempinski Hotel and the design contract for the project has been awarded to world-renowned design group, HOK. Work has already commenced to map out the master plan for the marina.