By Staff reporter
Ajman has in the recent past brought about major changes to investment rules across sectors. In the real estate and hospitality space, the emirate recently brought in initiatives such as allowing short-stay rentals.
Image Credit: WAM
Dubai: The Ajman government has signed up with China National Electric Engineering Co. Ltd., a subsidiary of Sinomach Group, that could lead to investments of up to Dh5 billion in the emirate’s infrastructure projects. The investments are to start from next year.
The northern emirate has been prioritizing infrastructure expansion where possible, to tie into the growth possibilities that will come with increased transportation connectivity. This is also where Ajman wants to involve private sector investments and expertise where possible.
Source: Gulf News
