The Department of Economic Development (Ajman DED) has signed two Memoranda of Understanding with the Chongqing Municipal Economy and Information Technology Commission and the Chongqing Municipal Commission of Commerce to strengthen bilateral cooperation in various economic development sectors.
Furthermore, these MoUs seek to accelerate strategic cooperation, foster high-impact investments, and initiate pioneering projects that boost energy efficiency and reinforce Ajman’s status in the global arena.
The MoUs were signed by Saif Ahmed Al Suwaidi, Director-General of Ajman DED; Tu Xingyoung, Deputy Director-General of the Chongqing Municipal Economy and Information Technology Commission; and Zhang Yongwu, Director-General of the Chongqing Municipal Commission of Commerce.
The agreements by Ajman DED and Chinese goverment agencies intend to exchange knowledge and best practices in trade policies, industrial planning, and business development. They also support bilateral investments by streamlining company entry procedures, developing industrial zones, organizing trade missions and exhibitions, jointly promoting strategic projects, and supporting sustainable energy efficiency initiatives in technology fields.
As part of the newly signed agreements, a key initiative titled ‘Chongqing Cars Go Global’ has been launched, marking a significant step in strengthening industrial and trade relations. This project aims to open showrooms and industrial assembly lines in Ajman.
According to the statement, the MoUs stipulate the formation of joint committees to oversee implementation, the holding of regular meetings to propose new initiatives, and the appointment of official liaison points to facilitate coordination. Cooperation areas also include economic data exchange, collaboration in smart transformation and modern industries, support for high-value projects, and the development of partnerships between universities and research centers.
Moreover, the agreements reflect the UAE leadership’s forward-thinking approach to building a robust, innovation-driven economy with global partnerships at its core.
