The Sinomach Group subsidiary China National Electric Engineering Co. Ltd. has agreed with the Ajman government that could result in up to Dh5 billion being invested in the emirate’s infrastructure projects. The investments will begin in the upcoming year.
To take advantage of the growth opportunities that will arise from improved transportation connectivity, the northern emirate has been giving priority to infrastructure expansion wherever it is feasible. Ajman also hopes to leverage private sector expertise and investments here, if at all possible.
“Ajman is dedicated to creating an ideal climate for investment, aligned with the emirate’s and the nation’s broader economic visions and strategies,” said Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Ajman Executive Council. “We are focused on expanding infrastructure and modern industries to attract global companies and support their operations in our emirate.”
Sinomach is a state-owned company based in China that manufactures heavy equipment and does general contracting work abroad.
Yan Weihua, General Manager of CNEEC, and Sheikh Abdul Aziz bin Humaid Al Nuaimi, Chairman of the Ajman Tourism Development Department, signed the Memorandum of Understanding.