Ajman business – Kempinski Ajman http://kempinski-ajman.com/ Thu, 19 May 2022 05:31:54 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://kempinski-ajman.com/wp-content/uploads/2021/10/cropped-icon-8-32x32.png Ajman business – Kempinski Ajman http://kempinski-ajman.com/ 32 32 Ajman issues 1,275 new business licenses in the first quarter of 2022 https://kempinski-ajman.com/ajman-issues-1275-new-business-licenses-in-the-first-quarter-of-2022/ Thu, 19 May 2022 05:31:54 +0000 https://kempinski-ajman.com/ajman-issues-1275-new-business-licenses-in-the-first-quarter-of-2022/

The Ajman Economic Development Department (Ajman DED) issued 1,275 new business licenses in the first quarter (Q1) of this year, a 10% year-on-year increase.

The figures were shared through a report released by Ajman’s DED Registration and Business Licensing Sector, state news agency WAM reported.

Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of Ajman DED, said the department continues to implement the stimulus packages and decisions approved by the government of Ajman to support business sectors and individuals in all sectors. commercial.

Al Nuaimi added that the department is working to simplify services and procedures to facilitate business registration and investment procedures, provide greater flexibility for investors and shorten the period of business formation. business.

Ajman’s economic growth was highlighted by the release of recent data which showed that Ajman’s technology sector within the Ajman Free Zone grew by 21% last year. The number of technology companies in the integrated business center has reached more than 550 in 2021. The free zone has focused on developing automation programs to accelerate digital transformation – implementing new initiatives and new products like the Artificial Intelligence Robotics Center, a one-stop-shop for entrepreneurs, entities and SMEs to explore new networks of business opportunities with industry experts.

Read: Ajman Free Zone’s tech sector sees 21% growth in 2021

Overall, the Ajman Free Zone recorded 4% year-on-year growth in 2021, registering 1,792 new businesses. In 2021, AFZ recorded a 90% increase in the occupancy rate of its rental accommodation, which covers 867,000 m². The free zone’s commercial equipment includes 530 warehouses, more than 7,000 offices and four business complexes.

The free zone has successfully completed the 100% automation and digitization of its services, providing more than 240,000 electronic transactions through its digital platform “Client Portal”.

Also Read: Ajman Free Zone registers 1,792 new businesses in 2021

Ajman Free Zone signs four agreements at ATM https://kempinski-ajman.com/ajman-free-zone-signs-four-agreements-at-atm/ Sun, 15 May 2022 11:29:17 +0000 https://kempinski-ajman.com/ajman-free-zone-signs-four-agreements-at-atm/

Ajman Free Zone (AFZ) signed four agreements with Fairmont Hotel Ajman, Bahi Ajman Palace Hotel, Zoya Health & Wellbeing Resort Ajman and Altayar Travel & Tourism during the recent Arabian Travel Market (ATM) in Dubai.

Under the terms of the Memoranda of Understanding (MoU), AFZ’s business partners will have access to preferential rates when using the services of the four establishments. Partnerships are designed to ensure customer happiness, benefit its business community, and support the well-being of its business partners.

The MoUs reflect AFZ’s commitment to its business partners to continuously expand the value-added services it offers to various industries, including tourism. They were signed in line with the Free Zone Strategy 2021-2025, which outlines initiatives designed to help boost local sectors, including tourism, and Ajman’s economy.

Ali AlSuwaidi, Managing Director of AFZ, said, “At AFZ, we support various initiatives aimed at accelerating the economic growth of Ajman and the UAE. The signing of the four MoUs demonstrates our organization’s tireless efforts to ensure a conducive business environment where our business partners can thrive. Our participation in the Arabian Travel Market has enabled us to promote various business and leisure tourism activities in the emirate.

“Tourism and business are two industries that go hand in hand, and the AFZ is proud to facilitate this step towards mutual growth and excellence. We are confident that our advanced infrastructure and value-added services will enable businesses to enjoy smooth operations in the emirate. This further reaffirms our efforts to facilitate businesses that add to Ajman’s tourism industry and, by extension, the economy of the UAE,” added AlSuwaidi.

The AFZ participated in the ATM in cooperation with various government entities. It joined the Ajman Tourism Development Department (ATDD) pavilion, where it showcased its key solutions, incentives and services as a hub for business and investment in the emirate. A large number of people visited the AFZ stand during the large-scale event, showing their great interest in what the free zone has to offer. – TradeArabia Press Office

LIV Developers appoints CRCC as prime contractor for LIV MARINA https://kempinski-ajman.com/liv-developers-appoints-crcc-as-prime-contractor-for-liv-marina/ Mon, 09 May 2022 10:58:03 +0000 https://kempinski-ajman.com/liv-developers-appoints-crcc-as-prime-contractor-for-liv-marina/

LIV Developers, a leading international luxury residential development company, has appointed CRCC as the contractor for its latest project, LIV MARINA. The tower is a 45-storey luxury residential development located in the
most privileged area of ​​Dubai Marina.

The signing ceremony for the project worth over AED 500 million was held at LIV Developer’s head office at Marina Plaza. Nearing completion in 2025, the enablement and foundation work of LIV MARINA was completed in June 2021 by Bauer of Germany, one of the largest foundation companies in the world.

Consisting of branded one, two and three bedroom apartments and penthouses, LIV MARINA will appeal to buyers who wish to live or invest in luxury properties in one of Dubai‘s most desirable locations. The distinguished design and luxurious finishes of the tower will be complemented by waterfront views and a floor dedicated to
world-class amenities to provide a resort lifestyle for its residents.

Commenting on the partnership, Ishan Khwaja, Director of LIV Developers, said, “We are proud to announce our partnership with CRCC as our prime contractor for LIV MARINA. CRCC is the third-largest contractor in the world and enjoys an excellent reputation due to its long-standing stability, extensive experience with similar projects, and solid track record of consistently delivering projects successfully from the point of view. view of safety, quality and deadlines.

Gao Jinping, General Manager of CRCC, added, “We are delighted to start work on LIV MARINA. The project offers a unique offering of luxury residences in a prime location like Dubai Marina and we look forward to working with the team to realize their vision of making the ultimate statement in luxury living.

Bauer completes piles for Red Sea tourism project https://kempinski-ajman.com/bauer-completes-piles-for-red-sea-tourism-project/ Sun, 08 May 2022 06:45:00 +0000 https://kempinski-ajman.com/bauer-completes-piles-for-red-sea-tourism-project/

The $5.2 billion Red Sea project is being developed on the west coast of Saudi Arabia, 500 km north of the city of Jeddah. By 2030, a total of 28,000 m² of beaches, desert, mountains and volcanic areas spread over 22 islands will be transformed into a luxury tourist destination.

The Red Sea Development Company (TRSDC) describes it as a “regenerative” project, which aims to protect, preserve and enhance the environment of the archipelago. Its goal is to achieve 100% reliance on renewable energy, a total ban on single-use plastics and zero waste to landfill.

TRSDC has appointed Archirodon, a specialist in maritime contracts, to design and build three bridges for the project.

Archirodon commissioned Saudi Bauer Foundation Contractors, a subsidiary of Bauer Spezialtiefbau, to install the piles for the bridge structures.

In the first phase of the project, Bauer carried out a load test on three test piles. And in the second phase, it installed a total of 37 land piles with a diameter of 1,300 mm for two new bridges.

For the central bridge, which connects the main island of Shurayrah to the mainland, 60 piles with a diameter of 1,500 mm and 27 piles with a diameter of 1,300 mm were installed. This constituted the third phase of the offshore project.

Emirates prepares to ease travel ahead of Eid rush https://kempinski-ajman.com/emirates-prepares-to-ease-travel-ahead-of-eid-rush/ Wed, 27 Apr 2022 11:38:03 +0000 https://kempinski-ajman.com/emirates-prepares-to-ease-travel-ahead-of-eid-rush/

With the Eid travel rush fast approaching, Emirates teams are preparing to welcome over 700,000 customers into DXB Terminal 3 this holiday season.

The busy travel period is expected to begin on April 29, with the highest traveler volumes the weekend before Eid, but travel is expected to remain high through May 9 and through both weekends. The most popular destinations for UAE travelers getting away or visiting friends and family for Eid include London, Istanbul, Manila, Cairo, Paris, Casablanca, New York and Los Angeles.

For travelers based in Ajman and the Northern Emirates, there’s no better time to skip the DXB queues and take advantage of the airline’s now 24-hour Ajman check-in service. .

Customers can now check in up to 24 hours before their flight and up to 4 hours before departure. Emirates has also worked with the Ajman Transport Authority to extend the bus schedule to DXB, and now offers an improved check-in experience, with medical document checks, boarding passes and they can also check-in their luggage completely before their practical trip. bus trip to DXB, bypassing the queues and going straight to the door.

For customers traveling via DXB, Emirates offers the following tips for a stress-free journey:

• Arrive early! Customers are advised to arrive at the airport at least three hours before their flight departs to allow sufficient time for check-in, health document checks and immigration formalities.

• If you choose to drive, allow extra time to avoid traffic entering Terminal 3. Alternatively, customers can take the Dubai Metro with direct connections to Terminal 3.

• Use the airline’s 48 self-service baggage claim machines, 32 of which have a bag drop function. Emirates customers can check in as early as 24 hours before their flight departs, and passengers traveling to the United States can check in 12 hours before departure.

• Park! Passengers can also use the parking check-in facility from 24 hours and up to six hours before departure. With no parking fees, customers who get dropped off at the Terminal 3 Departures car park will have even easier and more convenient check-in options for a smoother trip to the airport.

• Recording comes to you; Emirates customers also now have the option of reducing their waiting time with 25 roving mobile check-in ports in the departures hall. Customers can obtain their boarding passes, weigh their luggage, label it and have all their questions answered by the check-in staff.

• Emirates Biometric Pathway in Terminal 3 provides a seamless journey from dedicated check-in counters, dedicated Emirates lounges and boarding gates. Without document checks or queues, passengers can use the biometric path to quickly complete all their formalities.

Customers who check in less than 60 minutes prior to departure will not be accepted for travel. Once checked in, passengers are advised to ensure they arrive at their boarding gate on time. Gates open 90 minutes prior to departure, boarding begins 45 minutes prior to flight and gates close 20 minutes prior to departure.

Emirates will not be able to accept passengers arriving late at the gate for travel. Check-in and gate closing times will be strictly adhered to to ensure flights depart on time and to avoid impact on operations.

Customers are also reminded to review travel conditions to their booked destination by checking the latest updates on Emirates Travel Hub. – TradeArabia Press Service

Sovereign Saudi Arabia says new Saudi investment law could increase international trade by more than 50% https://kempinski-ajman.com/sovereign-saudi-arabia-says-new-saudi-investment-law-could-increase-international-trade-by-more-than-50/ Mon, 25 Apr 2022 07:00:00 +0000 https://kempinski-ajman.com/sovereign-saudi-arabia-says-new-saudi-investment-law-could-increase-international-trade-by-more-than-50/

The Kingdom of Saudi Arabia (Saudi Arabia) is becoming a thriving international business center as the new investment law recently announced by Saudi Arabia’s Ministry of Investment is expected to increase international trade by 50%.

The appeal of the law, which declares that local and foreign investment will receive equal treatment, was reinforced by Saudi Arabia’s recent award-winning presence at Expo 2020 Dubai, which demonstrated the global value of the dynamic economy of the Kingdom. As the country seeks to diversify away from oil exports, more than $936 million in funds was recently announced at the 2022 World Entrepreneurship Congress to facilitate international companies’ access to Saudi markets.

Prior to the announcement of the new investment law, official World Bank data predicted that the country’s GDP would reach $820 billion by the end of 2022, up from $700 billion in 2020. However, this Recent developments, which will see foreign investors given neutral treatment without any discrimination, could see KSA’s business activity spike significantly to shatter World Bank projections.

The new Saudi investment law is expected to increase the attractiveness of doing business in the Kingdom, as it removes any commercial advantage previously granted to Saudi companies. Accordingly, the law will grant foreign investors the freedom to manage, sell and dispose of their economic projects, as well as to own all the necessary properties that will ensure the smooth running of business. They will also be able to conclude commercial contracts with the full support of all competent authorities. In addition, local and foreign investors will be subject to the same sectoral approval requirements for licensing and registration, as well as approvals or permits for certain economic activities or special economic zones.

Interest in new businesses entering the Kingdom has been catalyzed by the country’s recent participation in Expo 2020 Dubai, which highlighted the Saudi Vision 2030 and an ambitious economic growth agenda. Serving as a window into the country’s youthful ambition, the Saudi pavilion recorded nearly five million visitors (which accounted for almost 25% of the total number of attendees at the six-month-long global event) and illustrated the country’s growing potential as a leading business center.

Paul Arnold, Managing Director of Sovereign Saudi Arabia commented saying, “The KSA pavilion has created new awareness of Saudi Arabia’s business potential with more than 4.6 million visitors and this new investment law only adds momentum to further strengthen Saudi Arabia’s position. KSA as one of the most attractive places to do business globally.

by applying the principle of competitive neutrality to both public and private investors, this removes all previous trade barriers to entry. Whether you are looking to expand your business presence or launch your brand for the first time, if you have a contract in hand, now has never been a better time to enter and invest in the Saudi market.

With unemployment falling and solid non-oil diversification steadily advancing, the Kingdom’s economy is expected to more than double in the coming years as Saudi Vision 2030 materializes. As Saudi Arabia continues to restructure and adapt rapidly, it demonstrates that the observed optimism is warranted.

July-March 2021-22: the country contracts an external debt of 12.767 billion dollars – Business & Finance https://kempinski-ajman.com/july-march-2021-22-the-country-contracts-an-external-debt-of-12-767-billion-dollars-business-finance/ Thu, 21 Apr 2022 00:26:52 +0000 https://kempinski-ajman.com/july-march-2021-22-the-country-contracts-an-external-debt-of-12-767-billion-dollars-business-finance/

ISLAMABAD: Pakistan incurred $12.767 billion in external debt from multiple sources of funding in the first nine months (July-March 2021-22) including $2.623 billion from foreign commercial banks (20.5%) against total budgeted external lending of $14.088 billion for the full year.

The Economic Affairs Division (EAD) on Wednesday released data that shows the country received $588.97 million from multiple funding sources in March 2022.

The government has budgeted foreign aid estimates of $14.088 billion for the current fiscal year, including $13.871 billion in loans and $217.44 million in grants from multilateral and bilateral sources.

External inflows during the corresponding period (July-March) of FY 2020-21 were $7.413 billion including $3.120 billion from foreign commercial banks against the budgeted amount of $12.233 billion.

The total receipt of $12.767 billion constitutes $3.949 billion from multilateral, $320.43 million from bilateral, $2.623 billion from foreign commercial banks and $2.041 billion from bond issuance and $3 billion Saudi Arabia term deposit.

Non-project aid was 10.114 billion dollars including 8.882 billion dollars for budget support and project aid was 1.820 billion dollars. Secured loans amounted to $531.01 million in the first nine months of 2021-22.

The government borrowed $2.623 billion from foreign commercial banks in the first nine months of the current fiscal year, including $1.140 billion from Dubai Bank, $487.26 million from SCB (London), $61 million dollars to Ajman Bank PJSC, $343.50 million to Switzerland AG, UBL and ABL and $591.25 million to Emirates NBD.

Among the multilateral development partners, mainly the Asian Development Bank provided $1.436 billion, the World Bank disbursed $1.122 billion, the AIIB $38.87 million, the IDB $68.16 million and the IDB (S-Term) $1.207 billion. China disbursed $102.05 million in the first nine months (July-March) of the current fiscal year, the United States $60.85 million, Korea $4.06 million, the Kingdom United $14.54 million and Germany $12.36 million.

Copyright Business Recorder, 2022

Wyndham hotels in Ajman reach out during Ramadan https://kempinski-ajman.com/wyndham-hotels-in-ajman-reach-out-during-ramadan/ Tue, 19 Apr 2022 09:01:19 +0000 https://kempinski-ajman.com/wyndham-hotels-in-ajman-reach-out-during-ramadan/

Wyndham Ajman Hotels recently held a series of philanthropic activities to reach disadvantaged members of the community in observance of Ramadan and as part of its ongoing partnership with the Al Ihsan charity.

The three properties – Ramada Hotel & Suites by Wyndham Ajman, Ramada by Wyndham Beach Hotel Ajman, and Wyndham Garden Ajman Corniche – are sponsoring food boxes for 150 people each day throughout Ramadan. Food boxes are collected daily by members of Al Ihsan Charity and distributed to some needy families in Ajman.

The hotels also collected clothing, shoes and bags for a Swap and Shop event among team members. Proceeds from the two-day activity were donated to the charity.

Similar to its donation campaign a year ago, the teams again collected several boxes of unused medicines, benefiting people supported by Al Ihsan Charity who cannot afford to buy their respective medicines.

Ravi Santiago, Cluster Managing Director, said, “This year, our teams organized a series of activities in collaboration with our long-standing partner, Al Ihsan Charity Association. We remain committed to our mission to give back to the community, promote altruism and help groups, families and individuals in need, not only during the holy month of Ramadan, but throughout the year. . – TradeArabia Press Service

Membership of Ajman Chamber Surpasses 58,000 in 2021 https://kempinski-ajman.com/membership-of-ajman-chamber-surpasses-58000-in-2021/ Mon, 18 Apr 2022 05:13:30 +0000 https://kempinski-ajman.com/membership-of-ajman-chamber-surpasses-58000-in-2021/

Ajman Chamber of Commerce and Industry (ACCI) witnessed growth in total registered membership in 2021, with total membership reaching 58,038 compared to 36,000 in 2020, with a growth rate of 7%.

Commercial licenses were issued in 2021, with a total of 21,077 memberships, followed by professional memberships with a total of 14,926, and industrial memberships with 1,149, Emirates WAM news agency reported, quoting Muhammad Ali Al Janahi, Acting Director General of ACCI.

Al Janahi noted that the growth rate of new members in the Ajman Chamber in 2021 was 35% compared to 2020, when the number of new members reached 7,704 in 2021; compared to 5,723 members in 2020, and the number of new commercial licenses for the previous year was 4,238 members, 2,534 professional members and 131 industrial members.

The Ajman Chamber has strengthened its economic relations around the world through 127 joint meetings and organized 149 opportunities for its business and factory members to participate in economic activities at Expo 2020 Dubai.

Al Janahi pointed out that the Ajman Chamber seeks to provide an attractive business environment to achieve its strategic objectives, which include “promoting sustainability and growth of the business world, forecasting and creating the future of business and enhancing the potentials of competitiveness”. and leadership”. which are reflected in the growth of its members’ businesses and the sustainability of their activities.

Start Any Business signs a partnership with Meydan Free Zone – News https://kempinski-ajman.com/start-any-business-signs-a-partnership-with-meydan-free-zone-news/ Sat, 16 Apr 2022 07:00:00 +0000 https://kempinski-ajman.com/start-any-business-signs-a-partnership-with-meydan-free-zone-news/

Start any Business (SAB) is one of the reputable consultants offering a variety of business formation services in Dubai and other UAE emirates for startups, mid-sized businesses and large corporations.

Published: Sat 16 Apr 2022, 15:44

Last update: Sat 16 Apr 2022, 4:05 PM

Start Any Business (SAB) has signed an agreement with Meydan Freezone and its partners to sell the Meydan Freezone license in Dubai. Pankaj Joshi, Business Manager, Start Any Business, said, “Meydan Free Zone Company is a perfect option for small businesses and freelancers due to its low license prices. It could also be an ideal choice for people looking to set up a business in the Downtown Dubai area.”

The Meydan Freezone license in Dubai also provides Guaranteed IBAN which can enable a potential business to set up a digital IBAN for business transactions which will be hassle-free with the help of Meydan Freezone. Start any Business (SAB) is one of the reputable consultants offering a variety of business formation services in Dubai and other UAE emirates for startups, mid-sized businesses and large corporations.

Experienced and familiar with the different phases one has to go through to apply to start a business, the SAB team can customize solutions to help traders and entrepreneurs set up procedures anywhere in the UAE quickly, efficiently and hassle-free.

The company has connection with nearly 19 free zones including Sharjah Media City (SHAMS), Sharjah Publishing City (SPC), Sharjah Airport International Free Zone (SAIF), Dubai Airport Freezone Authority (DAFZA), International Free Zone Authority (IFZA ), Dubai Multi Commodities Center (DMCC), Khalifa Industrial Zone Abu Dhabi (KIZAD).