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.