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MEBG application form
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Dialogue Session with Mr. Mohammed Al Hamrani, Director General of Ajman Chamber of Commerce and Industry (AJCCI) and Delegation
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AJCCI:
- engages leaders of Singapore businesses community in roundtable dialogue
- expects Singapore-Ajman trade to expand up to 80% by end of 2012.
Singapore, Monday, 1 June 2009 - Business relations between Singapore and the United Arab Emirates were taken a step higher today with the signing of a Memorandum of Understanding (MOU) between the Singapore Business Federation (SBF) and Ajman Chamber of Commerce and Industries (AJCCI) in conjunction with the visit of its Vice Chairman Mr. Abdullah Mohammed Murad to Singapore. Ajmán is one of the seven emirates comprising the United Arab Emirates.
The SBF-AJCCI cooperation agreement signed by Dato' Mohd Zain Abdullah, SBF Vice Chairman and Vice Chairman of Middle East Business Group (MEBG), and Mr. Abdullah Mohammed Murad was witnessed by members of the Singapore business community. Mr. Abdullah was accompanied by Mr. Nasser Al Dhafri, Assistant General Manager Media & PR and Mr. Marwan Al Muhairi, Director of Commercial Affairs.
This is the fourth MOU which SBF has signed with business chambers from the Emirates since 2004. MOUs were inked with the Dubai Chamber of Commerce and Industries in 2004, Sharjah Chamber of Commerce and Industries in 2005 and Abu Dhabi Chamber of Commerce and Industries in 2006. With the MOU, AJCCI expects Singapore-Ajman trade to expand by up to 80% by the end of 2012. AJCCI noted that the value of exports from Ajman to Singapore increased from United Arab Emirates Dirham (AED) 7.2 million in 2007 to AED 9.5 million in 2008.
The business roundtable dialogue, which followed the MOU signing, was useful in highlighting awareness of the Emirate as well as Ajman market opportunities to the Singapore business community. The session attended by 30 representatives from the oil and gas, finance and electronics industries, were apprised of the emerging industries and opportunities, support for establishing business contacts, as well as the latest economic developments and overall market dynamics in the Emirate of Ajman.
Dato' Mohd Zain Abdullah announced during his welcome address that UAE was the second country to rectify the Gulf Cooperation Council-Singapore Free Trade Agreement, which was signed on 15 December 2008. Oman was the first country to do so.
"UAE was Singapore's 19th largest trading partner in 2008 and our number two largest trading partner in the Middle East and North Africa region. Our total trade with UAE stands at S$14.77 billion. SBF???s engagement efforts have so far garnered encouraging response. We have now seen Singapore businesses actively pursuing opportunities in construction and real estate, oil and gas supporting infrastructure, environmental engineering, transport and logistics, financial services and the info-communication technology sectors in the UAE. One of the largest Singapore projects in UAE can be found in the Emirate of Ajman. The Arab Heavy Industries is a public listed shipbuilding and repairs company that is jointly owned by the Ajman government and the Keppel Group," said Dato' Mohd Zain Abdullah.
Mr. Abdullah Mohammed Murad informed those present for the dialogue session, "We are looking for the latest technology and opportunities to cooperate with Singapore businessmen to develop business relations within the two countries; and we hope to be self-sufficient in 30 years' time. Ajman offers a basket of opportunities to businessmen, in sectors ranging from manufacturing, financial services to IT. We also seek to learn from Singapore businessmen who can share their expertise with us."
As Singapore's apex business chamber, SBF has been proactively assisting Singapore companies to venture overseas to seek opportunities in new and emerging markets. The emerging markets in the Middle East have been one of the key focus areas of SBF. In the first five months of 2009 alone, SBF has initiated five businesss opportunity seminars and roundtable sessions for its members and led a business mission in March to the Gulf States of Oman, Qatar and UAE.
SBF remains committed to play a pivotal role in facilitating Singapore companies' market development efforts into the United Arab Emirates. More seminars and business-to-business exchanges will be organised by the Federation to drive collaboration between business communities in Singapore and the UAE.
ANNEX
Ajman Chamber of Commerce and Industry
Historical Background of the Chamber
Ajman Chamber of Commerce and Industry was established under an Emiri decree issued by H.H. Sheikh Humaid Bin Rashid Al Nuaimi, member of the supreme council, ruler of Ajman in the year 1977. This decree provides for considering the Chamber of Commerce and Industry as a corporate body with an independent financial liability, exercising the powers authorized to it under the provisions of the applicable law in the emirate of Ajman, and having a full capacity to realize its objectives.
It is well-known that the main objectives of establishing the chambers of commerce and industry include carrying on activities which promote the business and the commercial relationships locally and internationally; and based on this principle, Ajman Chamber of Commerce and Industry sought to lay down a strategic plan with clear vision and objectives that it promotes to realize through supporting and enhancing the march of development and prosperity prevailing in the United Arab Emirates in general and the emirate of Ajman in particular.
The Main Functions
The tasks of Ajman Chamber of Commerce and Industry are identified to provide the economic advice services to its members, to develop the services provided and to set forth programs for the development and prosperity of the region; it provides the highest standards of services to the local business community and creates attractive and tempting business opportunities for the foreign investors.
The other tasks vested with the chamber include:
*Compiling and publishing all the legislative texts, the regulatory rules and the commercial, industrial and financial statistics, data and information related to the commercial and industrial activities among its members.
- Issuing the bulletins, publications and magazines which serve the economic fields.
- Attesting the certificates of origin and the sources of the industrial and agricultural products, goods and merchandises, and their respective invoices, and the authenticity of the signatures related to the commercial services and transactions.
- Settlement of commercial conflicts and disputes arising between the affiliated members.
- Participating in holding conferences, seminars and economic exhibitions inside and outside the country.
- Presenting proposals, studies, drafts, procedures and regulations which are in the interest of the economic affairs and which are related to the chamber functions and tasks.
- Presenting proposals in respect of the organization of the other administrative bodies which provide their services to the business community and which serve the general objectives of the chamber including the exhibitions, the schools of commerce and the explorative expeditions.
- Organizing and promoting the commercial, industrial and agricultural activities and updating the related services.
- Cooperating with the governmental authorities and entities in all the matters and issues related to the commercial, industrial and agricultural activities.
- Strengthening and enhancing the ties of friendliness among the chamber members and establishing mutual relationships with the other chambers.
- Promoting the commercial, industrial and agricultural awareness in the emirate.
Our Vision
"Ajman Chamber is an extinguished meeting point for the investors and an economic and international façade for the emirate".
Our Mission
" Committed to work together, in cooperation with our partners in supporting the commercial, industrial and agricultural activities in the emirate of Ajman, and providing a positive atmosphere for the business and investment development, while adhering to our national identity and being so keen to serve the interests of the Chamber members and provide them with excellent services ".
Our Principal Values
- Leadership and Innovation
- Partnership and Communication
- Flexibility and Transparency
- Working with the Team Spirit
- Spirit of Belonging and loyalty
- Strengthening the National Identity
- The Social Responsibility
Our Customers
- Businessmen and investors from the emirate, on the state level or from abroad.
- The commercial, industrial and agricultural sectors in the emirate of Ajman.
- The traders and artisans in the emirate.
- Ajman emirate community in general as a beneficiary ??? directly or indirectly- of the chamber???s services and activities.
Background information on Emirate of Ajman
(Source: AJCCI)
The emirate of Ajman is one of the seven emirates (states) that comprise of the United Arab Emirates (UAE). It is the smallest emirate, covering an area of 460 square kilometers (178 square miles), and located along the west coast of the country, with a coastal beach (corniche) area of 16 kilometers (10 miles). It is located closest to the emirates of Sharjah, Dubai, and Umm Al Quwain and is surrounded by the emirate of Sharjah to its north, south and east.
Its Regions
The emirate of Ajman has three geographical regions - Ajman city, Al Manamah region and Masfout region. Ajman city is the main region of the emirate and consists of 95% of its land with 15 districts - Al Zawra, Al Jarf, Al Heeliyoo, Al Hamideeya, Mushayrif, New Industrial Area, Al Zahra, Al Nuaymeeya, Al Rashideeya, Al Bustan, Al Nakheel, Al Rumayla, Al Sawan, Al Tala, and Al Mowayhat. Al Manama region is a small inland enclave located 60 kilometers east of Ajman city, surrounded by Sharjah, Ras Al Khaimah and Fujairah. Masfut region is a small inland enclave located 130 kilometers southeast of Ajman city, bordering with Sharjah, Dubai's Hatta region and the Sultanate of Oman.
Its Rulers (Ajman Government)
Ajman is ruled by Sheikh Humaid bin Rashid Al Nuaimi [V] of the Al Nuaimi tribe, whose father, Sheikh Rashid bin Humaid Al Nuaimi [IV], took part in the signing of the United Arab Emirates federation in 1971. The crown prince of Ajman is Sheikh Ammar bin Humaid Al Nuaimi and Sheikh Rashid bin Humaid Al Nuaimi [V] is chairman of the Ajman Municipality.
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