AJMAN, 20 February 2007 — Ajman witnessed 100 percent rise in foreign investment during 2006, said Supreme Council Member and Ajman Ruler Sheikh Humaid Bin Rashid Al-Nuaimi yesterday.
About the utilization of the foreign investments, he said: “Hundreds of millions of dollars have been designated to re-plan the emirate in a manner that corresponds with the revolution the emirate is experiencing; from entertainment places to commercial and residential units, in addition to cultural, educational and health care centers. All of this effort is from our endeavors to make Ajman the best place for work and for living.”
Talking about real estate investments, he said: “The largest property development firms have begun entering Ajman after recognizing the strong laws that are protecting all investors. Through the transparency of our policies and rules, they have discovered unique investment opportunities in the emirate and it is this transparency that we will continue to adhere to till the end.”
“We will soon announce property projects worth tens of billions and we will reveal the leading names in the domain of property development that will develop these outstanding projects.
These firms will increase the productivity level and develop roads and ports, and add industrial and commercial firms to our emirate.
“We also look forward to an economic growth that will exceed 10 percent yearly for the coming five years.”
He also said that studies, research and tests conducted by Ajman’s government in developing infrastructure and improving the level of services are making a difference to every citizen who is looking to work and live in a beautiful and advanced emirate.
