Ajman Chamber Organises A Ramadan Economic Majlis

Date: 05/05/2021


Ajman Chamber Organises A Ramadan Economic Majlis

The Ajman Chamber of Commerce and Industry (ACCI) organized the Ramadan Economic Majlis under the theme "the government initiatives and their role in developing the national economy system and enhancing its competitiveness" in the presence of His Excellency Abdullah Al Muwaiji - Chairman of the Ajman Chamber. The Majlis came to review the government's efforts in attracting direct investments and available opportunities and to discuss the latest developments in the economic sector in the country. Present were Abdullah Al Saleh-Undersecretary of the Ministry of Economy for Foreign Trade Affairs, Salem bin Ahmed Al Nuaimi-Deputy Chairman of Ajman Chamber, Jamal Saif Al Jarwan-Secretary General of the UAE International Investors Council, Mohammad Ali Al Janahi-Acting Director General of Ajman Chamber, Fahad Al Gergawi-Executive Director of the Dubai Foundation for Investment Development, and Hussain Al Mahmoudi-CEO of the Sharjah Research, Technology and Innovation Complex. The Majlis was moderated by media, Khaled Al Marzouki. Opening the Majlis, Al Muwaiji stressed that the UAE reinforced its economy through adapting its legislation to ensure the competitiveness of the economic sector and business continuity, as well as exemplary and professional dealing with the consequences and changes imposed by the pandemic. He also noted that the national initiatives and incentives have significantly contributed to the growth of the economic sector and sustainability of establishments operating in the country and creating an attractive environment for direct investments. “The amendments of the Companies Law and permissibility of granting the Emirati citizenship to investors and professionals have made the UAE a top destination for attracting direct investments regionally and globally,” he added. Al Muwaiji continued, “The UAE ranked the top Arab and regional and the fifteenth globally in the Kearney index of confidence in foreign direct investment for 2021 superior to a number of major global economies translating the proactive and forward-looking approach adopted by the prudent leadership to ensure the leadership of the UAE economy globally.” For his part, Abdullah Al Saleh explained that the country's economy has witnessed a set of incentives and initiatives that have directly contributed to boosting the economic sector, accelerating growth after COVID-19 and transforming challenges into opportunities that lead the UAE economy with new activities and sectors. He further said, “The country provided 33 incentive initiatives, including a set of legal legislations that keep abreast of the recovery phase, establish a new phase for the future economy, and achieve qualitative leaps enhancing the attractiveness and improvement of business performance.”