Ajman is the Safety's Emirate
Ajman
City is the capital of Ajman Emirate and it is lie on The Persian Gulf
Coast, it is the location of Ajman 's present, all the government's
departments, companies, Banks, trading markets, and schools and
colleges. Also Ajman port, Ajman free zone along with two industries
areas and Ajman chamber of commerce and industry.
Because
of the strategic position, the safety, and the incentives and
facilities that the government provides, Ajman has attracted numerous
investors and business men.
Ajman- Unique Geographic Location & Charming Beach
Ajman
is one of the seven Emirates that from the United Arab Emirates
(U.A.E.). The Emirate lies on the Persian Gulf Coast extens 16 Kms. The
total area of Ajman is 259 Kms. Its population estimate is about 230
thousand as the year of 2004.
Ajman
enjoys being located in the middle of the Emirates as a whole. It is
borded with Al-Sharjah and only 10 Km to Dubai in the south and Umm
Qaiyuwin in the north. There are many roads that these Emirates share
together. Ajman is near to the ports of neighboring Emirates. It is
near the international airports of both Sharjah and Dubai .
Distinguished Economic Development
For
her distinguished position among the other Emirates in the nation,
Ajman has achieved so much because of the opportunities she provides at
industrial and commercial investments. Comparing the share of Ajman in
the countries [GDP] to that of the rest of the country between the
years 1975-2004, Shows that Ajman Emirates has achieved the highest
growth rate of economic development at the national level. This shows
the counter balancing economic development that the U.A.E. has
achieved.
In
the last few years, Ajman made distinguished bounces at all levels of
development, starting with infrastructure including modern roads,
communication, service improvement, ports, free zone and other
departments. All these help motivate economic activities whereby
exports of the emirate were up to 2.6 billion Dirhams in the year 2004.
This position has enriched the reputation of the Emirate as well as her
economic position in the country.
Ajman – Fort of Industry in Distinguished Figures
The following distinguished figures show that Ajman is the fort of industry:
1.
Ajman is the first Emirate in the whole country in terms of a number of
readymade garments factories whereby there are about 50% of factories
in this sector.
2.
Ajman is considered the third Emirate in terms of the number of
factories in the country. In accordance with estimated statistics of
the year 2003-2004, there are about 400 factories.
3.
Ajman is considered the fourth Emirate in terms of the number of
workers, which there are more than 26 thousand workers in industrial
sector.
4.
According to the increased economic development, more than 100
countries all over the world get products of the Ajman industry.
5. Investments by Ajman manufacturing units were more than one billion Dirhams in 2004.
Ajman is the excellent Environment for Investment
As
a result of the recent prosperity and technological development, Ajman
's government offers a lot of various investment chances for the
investors, local and international businessmen. Specially, the position
of Ajman which attract the investors to join at all the important
activities. Ajman famous for by the strategic position to be the middle
of the other emirates also the construction's development plus the
different modern communications, energy, water, social and healthy
services. Because of all the above mentioned, Ajman is an excellent
weather for investment at all the economic fields.
Ajman Means Investment
Industrial
sector activities in the Emirate cover a wide range of products. The
government of Ajman offers a lot of benefits and facilities for the
investment's projects reinforcement to start their investment
activities. The excellent & special benefits that given by Ajman's
government, cover all the kinds of investments (Local/International)
and it is available for the specific trading and industry, for all the
development operations whatever the projects nationality. The main
investment field is (real state and the variety tourism projects which
include the housing estate, commercial and housing towers, complex
estate, marketing centres, hotels and services attendant. The tourism
resorts are the most attractive for the tourism movement, specially
which are available on the beach and the tourism area in Ajman .
The Competitive Advantages of Industrial Investment in Ajman
According to the latest census, Ajman has got advanced position among the country as follow:
1.
The number of the industries has increased at the national level (from
1997 to 2002) with the annual rate of 12.9%, while this annual rate has
increased (during the same period) with 14.1% at Ajman level. It means
that the increase rate of the number of industrial establishments in
Ajman was higher with 1.2% annually (14.1% - 12.9%) compared with the
increase rate at the national level. As a result we can see that as a
whole the nation has seen a continuous rise of industries. But that
rise in the industrial establishments in Ajman was very fast, which
shows the increase of industries in Ajman . This is the first
competitive advantage for Ajman compared with the industry at the
national level.
2.
Confirm the above that, the invested money got increased in the
industrial sector at the national level with the annual increase rate
(1997-2002) of 26.3%, while this annual rate has increased (during the
same period) with 33% at Ajman level. It indicates that the increase
rate of industrial sector investment in Ajman was higher with 6.7%
annually (33% - 26.3%) compared with the increase rate at the country
level. This is another competitive advantage for Ajman (among the other
Emirates at the country) in attracting the investors to Ajman .
3.
There is an additional competitive advantage for the industrial
investment in Ajman . That is the foreign ownership (which is outside
the national ownership and Gulf cooperative council) in the industrial
sector, which the latest statistics indicated that the rate of the
foreign industrial establishments was 33% in Ajman compared with the
rate of 11% in the rest of the country. It means that there is a
competitive advantage for Ajman with gap of 22% (33% - 11%). This
indicates that the rate of the foreign investment in Ajman is 300%
(33/11) compared with the rest of the country. The reason behind that
can be seen as a result of the distinguished services and facilities
that Ajman government provides to attract the foreign investment.
Why Investors are attracted strongly to invest in Ajman?
The
Emirate of Ajman is considered a virgin land which can attract all
kinds of investments. It has so many advanced and natural
characteristics that make Ajman of the most attractive areas in the
region, offering viable investment opportunities to foreign capital.
Some of the important characteristics are:
1. Availability of energy at competitive rates and costs with secured and guaranteed provision and supply on longer terms.
2. The availability of raw materials for certain industries and the possibility to extract such materials.
3.
The strategic geographic location of the Emirate which is distinguished
by its accessibility to the regional and international markets.
4. The development of the infrastructural utilities such as port, roads, transportation and industrial areas.
5. The availability of domestic capital and financing.
6.
The availability of basic industries which can provide material
required by the final and intermediate processing industries.
7.
The availability of financial incentives and facilities for investments
by many of domestic and international banks in Ajman .
8. The low cost of operation for many industries compared with the other areas in the world.
Unique Facilities provided by Ajman Chamber of Commerce and Industry
In addition to the above facilities, Ajman Chamber of Commerce & Industry provides the following services:
1. Issuing and attesting certificates of origin.
2. Organizing and promoting commercial and industrial activities.
3. Settling commercial & Industrial disputes between the Chamber' members.
4. Organizing specialized exhibitions and conferences.
5. Providing all Chambers's members with commercial and industrial information and data.
6. Publishing commercial and industrial directories annually.
Distinguished Facilities and Incentives provided by Ajman Port
The port provides numerous distinguished facilities and incentives to the businessmen as follow:
1. Free storage days are increased for certain types of cargo.
2. Reduction of custom duties.
3. Dhows and wooden boats are exempted from payment of landing fees.
4.
Landing and sailing, stevedoring, guidance, telecommunication,
equipment transport, maintenance, security, inspection and other port
services.
5.
Custom duties are not levied on heavy equipment, machinery and raw
material imported for starting new industrial projects in Ajman
provided that 51% of shares of the importing firms are held by UAE
nationals.
Unique Facilities and Incentives provided by Ajman Free Zone
There are many distinguished incentives and facilities offered by Ajman Free Zone as follow:
1. 100% foreign ownership.
2. 100% of repatriation of capital and profits.
3. Guaranteed 20 years Tax Free operations; renewable for an additional 20 years.
4. No personal income taxes.
5.
Access to unlimited resources of work force with the most economical
wage structure to assist the investors in maximizing profits.
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