The Ajman
economy has been, since ancient times, relying on fishing and
trade, which helped enable Ajman to enjoy a distinctive status
among the other Emirates. Ajman has witnessed in recent years
rapid economic development and numerous construction projects
have been complete & Commercial and industrial activities
have recorded remarkable growth with the ushering of Ajman into
an era of heavy industry. In view of these economic achievements,
completion of the infrastructure, Ajman witnessed drastic changes.
Nowadays the Emirate is self-reliant on its own resources in
a number of food items and industrial products as well as exporting
some of its manufactured products abroad. Ajman is established
itself as a business center attracting investors, whether local,
Arab or foreigners.
Ajman
provides many incentives and advantages which have contributed
in activating and promoting industrialization in particular
and various business sectors in general. Among the advantages
enjoyed by Ajman is its central position to the other cities
of the UAE, the relatively Lower rents of real estate and
land, together with the numerous benefits of a Free Zone,
in addition to a well planned new industrial area which has
been provided with all the services and utilities to accommodate
various industrial and business activities. All the above
advantages and incentives have effectively helped in encouraging
businessmen and investors from various parts of the world
to identify Ajman as an ideal base for their projects, leading
consequently to a marked growth in the various economic sectors
in the last few years.
The sagacious
directives of His Highness Shaikh Humaid bin Rashid Al Nuaimi,
member of the Supreme Council and Ruler of Ajman and his keenness
to instruct the competent bodies to remove all obstacles hindering
business activities paved the way for realization of remarkable
achievements on the economic front. Thus within a short span
of time Ajman has emerged as a modern city equipped with principal
public utilities. Despite the modernization efforts Ajman
has preserved its ancient traditional character, becoming
a city combining technological achievements of modern times
and the cultural wealth of bygone years.
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